View Policies Current Attempt in Progress Kennel Hospital is a division of Superior Healthcare that is organized as an investment center. In the past year, the hospital reported an after-tax income of $2,940,000. Total interest expense was $1,386,000, and the hospital's tax rate was 20 percent. Hospital assets totaled $29,400,000, and noninterest-bearing current liabilities were $9,576,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Kennel Hospital(Enter negative answers preceding either - sign, eg.-45 or in parentheses, eg. (45)) Residual income/EVA $ The following income statements and other information are available for the Accustart Company: 2020 $410,400,000 226,800,000 183,600,000 2019 2018 $270,000,000 $205,200,000 129,600,000 98,280,000 140,400,000 106,920,000 29,700,000 21,146,400 26,730,000 13,392,000 12,916,800 10.206,000 Sales Less cost of goods sold Gross margin Less: Selling and administrative costs Research and development Income from operations Less taxes on income Net income Total assets Noninterest-bearing current liabilities Cost of capital 140.983,200 100.278,000 75,567,600 28,196,640 20,055,600 15,113,520 $112,786,560 $80,222,400 $718,200,000 $60,454,080 $476,280,000 $772,200,000 15,120,000 12,204,000 10,670,400 12% 12% 12% Calculate EVA for 2020. 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, eg. 5,725. Enter negative answers preceding either - sign, e.s. -45 or in parentheses, e.g.(45).) EVA for 2020 $