Paula Boothe, president of the Ayayai Corporation, has mandated a minimum 10% return on investment for any project undertaken by the company. Given the company's decentralization, Paula leaves all investment decisions to the divisional managers as long as they anticipate a minimum rate of return of at least 12%. The Energy Drinks division, under the direction of manager Martin Koch, has achieved a 12% return on investment for the past three years. This year is not expected to be differentfrom the past three. Koch has just received a proposal to invest $1,820,000 in a new line of energy drinks that is expected to generate $332,000 in operating income. Assume that Ayayai Corporation's actual weightedaverage cost of capital is 9% and its tax rate is 31%. (a) Calculate the economic value added of the proposed new line of energy drinks. {lfthe economic value added is negative then enter with a negative sign preceding the number, eg. -5, 125 or parenthesis, e3. [5,125]. Round answer to 0 decimal places, e3. 5,125.) Economic value added $