Kernel Industries has two sources of funds: long-term debt with a market and book value of $5 million issued at an interest rate of 12%, and equity capital that has a market value of $4 million (book value of $2 million). Kernel Industries has profit centers in the following locations with the following operating incomes, total assets, and current liabilities. The cost of equity capital is 12%, while the tax rate is 25%. Operating Income St. Augustine $ 480,000 Austin $600,000 New Orleans $1.020,000 What is the After Tax Operating Income for New Orleans? Assets Current Liabilities $ 2,000,000 $ 100,000 $ 4,000,000 $ 300,000 $6,000,000 $600,000 $360,000 $450,000 $600,000 $765,000