The following data relates to Haven Corporation and its Northern Division.

Light Bulb Division sales	$6,500,000
Light Bulb Division operating income	$780,000
Light Bulb Division total assets	$3,250,000
Light Bulb Division current liabilities	$500,000
Corporate target rate of return	10%
Corporate weighted average cost of capital	7%

What is the Northern Division's Residual Income (RI)?

		$227,500
		$780,000
		$325,000
		$455,000