Kernel Industries has two sources of funds: long-term debt with a market and book value of $5 million issued at an interest rate of 12%, and equity capital that has a market value of $4 million (book value of $2 million). Kernel Industries has profit centers in the following locations with the following operating incomes, total assets, and current liabilities. The cost of equity capital is 12%, while the tax rate is 25%.

Operating income Assets Current liabilities

St. Augustine $480000 $2000000 $100000

Austin $600000 $4000000 $300000

New Orleans $1020000 $6000000 $600000

What is the EVA for St. Augustine?