You have been asked to calculate the economic value added for the firm last year. All relevant income statement figures are provided below.

Item Amount

Sales $760,000$

Depreciation $115,000$

Interest Expense $25,000$

Capital Expenditures $45,000$

Cost of Goods Sold $340,000$

Selling, General and Administrative Expenses $215,000$

Tax Rate $30\%$

The firm's total capitalization is $$1,000,000$ and the required rate of return $($Cost of capital$)$ is $6\%.$ What is the EVA?