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Question: sipacore hospital is a division of superior healthcare that is...

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Sipacore 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 $3,600,000. Total interest expense was $1,700,000, and the hospital’s tax rate was 35 percent. Hospital assets totaled $35,300,000, and noninterest-bearing current liabilities were $11,100,000. Superior has established a required rate of return equal to 17 percent of invested capital.

Calculate the residual income/EVA of Sipacore Hospital. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).)

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