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Question 7 Cinrich Hospital is a division of Superior Healthcare that is organized as an...

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Question 7 Cinrich 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 $3,520,000. Total interest expense was $1,680,000, and the hospital's tax rate was 35 percent. Hospital assets totaled $34,500,000, and noninterest-bearing current liabilities were $11,500,000. Superior has established a required rate of return equal to 17 percent of invested capital. Calculate the residual income/EVA of Cinrich Hospital. (Enter negative answers preceding either - sign, e.g.-45 or in parentheses, e.g. (45).) Residual income/EVA $

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