Scranton Shipyards has an $18 million total capitalization and its cost of capital is 8%.Scranton has the following income statement:

Sales

$10,000,000

Operating costs

$6,000,000

Operating income (EBIT)

$4,000,000

Interest expense

$2,000,000

Earnings before taxes (EBT)

$2,000,000

Taxes (40%)

$800,000

Net income

$1,200,000

What is Scranton's EVA? (Show your answer as a positive dollar value with 2 decimal places, without a $. For example, 527.27.)