Yu Pty Ltd has two sources of funds: long-term debt with a market and book value of $4,800,000 issued at an interest rate of 10%, and equity capital that has a market value of $3,500,000 (book value of $2,100,000). Yu has profit centres 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 35%.

Operating Income Assets Current Liabilities

Alpha $480,000 $2,000,000 $100,000

Beta $600,000 $4,000,000 $300,000

Gamma $1,650,000 $5,500,000 $750,000

The economic value added (EVA) for the Alpha division is __________. (Round the intermediary answer to four decimal places, and the final answer to a whole number.)

	a.	$84,000
	b.	$128,460
	c.	$129,180
	d.	$296,460
	e.	None of the answers.