Amerchandising compary is considering a $800,000 upgrade to its retail and warchousing facilities that will allow the company to handle more products and attroct mote customers. The company anticipates that sales will increase by $400,000 and operating income will increase by $160,000 per year. If the compary has a minimum required return on investment of 10.0%, what would be the residual income resulting from the upgrade?