(a) Using the Income Statement and Balance Sheet below, calculate the firm's econom value added (EVA), assuming its cost of capital is 8%. (b) What is the firm's return on capital? (c) What is its return on equity? INCOME STATEMENT (Figures in $ millions) Net sales $ 880 Cost of goods sold 740 Depreciation 30 Earnings before interest and taxes (EBIT) $ 110 Interest expense 10 Income before tax $ 100 Taxes 20 Net income $ 80 BALANCE SHEET (one fiscal year only) Current assets $ 310 Long-term assets 220 Total assets $ 530 Liabilities and shareholders' equity Current liabilities $ 150 Long-term debt 120 Shareholders' equity 260 Total liabilities and shareholders' equity $ 530