Scranton Shipyards has $21 million in total net operating capital. The company's WACC is 12 percent. What is Scranton's EVA? If negative, use the negative sign instead of parentheses, e.g. -130,000.

The company has the following income statement:

Sales $10.0 million

Operating Costs $6.0 million

Operating Income $4.0 million

(EBIT)

Interest Expense $2.0 million

Earnings before taxes $2.0 million

(EBT)

Taxes (40%) $0.8 million

Net income $1.2 million