The manager of the West Division of Beach Clothing Company is evaluating the acquisition of a new embroidery machine. The budgeted operating income of the West Division was $$4,000,000$ with total assets of $$22,000,000$ and noninterest$-$bearing current liabilities of $$1,000,000.$ The proposed investment would add $$750,000$ to operating income and would require an additional investment of $$3,500,000.$ The targeted rate of return for the West Division is $14$ percent and the cost of capital is $9$ percent. Ignoring taxes, how much is the residual income of the West division if the embroidery machine is purchased?