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The following income statements and other information are available for the Schneider Company: 2014 2013 2012 Sales $382,500,000 $255,800,000 $190,100,000 Less cost of goods sold

The following income statements and other information are available for the Schneider Company:

2014 2013 2012
Sales $382,500,000 $255,800,000 $190,100,000
Less cost of goods sold 210,375,000 122,784,000 91,248,000
Gross margin 172,125,000 133,016,000 98,852,000
Less:
Selling and administrative costs 26,775,000 25,580,000 19,010,000
Research and development 15,300,000 12,790,000 9,505,000
Income from operations 130,050,000 94,646,000 70,337,000
Less taxes on income 39,015,000 28,393,800 21,101,100
Net income $91,035,000 $66,252,200 $49,235,900
Total assets $718,400,000 $668,500,000 $438,400,000
Noninterest-bearing current liabilities 138,500,000 11,160,000 98,280,000
Cost of capital 12% 12% 12%

Calculate EVA for 2014. Assume that for purposes of calculating EVA, the company capitalizes research and development expenditures and amortizes them over three years, including the year they are incurred. For external reporting purposes, research and development is expensed in the year incurred, as indicated in the income statements above.(Round answer to the nearest whole dollar, e.g. 5,725.)

EVA for 2014

$

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