[The following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales $ 1,500,000 Variable expenses 730,000 Contribution margin 770,000 Fixed expenses 470,000 Net operating income $ 300,000 Average operating assets $ 937,500 At the beginning of this year, the company has a $362,500 Investment opportunity with the following cost and revenue characteristics: Sales $ 580,000 Contribution margin ratio 70 of Wales Fixed expenses $ 319,000 The company's minimum required rate of return is 10% Foundational 10-13 (Algo) 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year? Residual income