The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year. Shareholders require a return of 7%. Management calculated a weighted-average cost of capital (WACC) of 3%. Allied's corporate tax rate is 35%. 
What is the division's Residual Income (RI) ?
Definitions:
Nucor's Profit-Sharing Program
A compensation scheme implemented by the steel company Nucor, designed to share a portion of profits with employees, thereby aligning their interests with the success of the company.
Steel Produced
The quantity of steel that has been manufactured and processed from raw materials.
Skill-Based Pay Programs
Compensation systems that pay employees based on their skills, expertise, and the variety of tasks they can perform, rather than their job title or position.
Job-Related Skills
Specific skills and capabilities that enhance an individual’s performance in their current or future employment roles.
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