A divisional manager at Dean Co. is considering implementing a new project in the coming year that would have a cost of $875,000 and would add $107,250 to the division's net income each year.

The manager's projected results for the coming year, before consideration of the project proposal, are as follows:

Income - $702,000

Assets - 1,777,500

Assuming corporate has a minimum required ROI of 8%, what would be the amount of increase (decrease) in residual income if the manager accepts the project?

Use a negative sign to represent a decrease and no sign to represent an increase.