CHUHh253A%252F%252Fims meducation.com 2525mghmiddleware252Fheproduce Week 4 - Chapter 4 2 Help Here are simplified financial statements for Watervan Corporation 33 33 points INCOME STATEMENT (Figures in 5 millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income cock $385.00 745.00 35.00 $105.ee 16.00 $89.00 18.69 $70.31 Pue BALANCE SHEET (Figures in millions) References End of Year Start of Year Assets Current assets Long-term assets Total assets Liabilities and shareholders equity Current liabilities Long-tere debt Shareholders equity Total liabilities and shareholders' equity $ 373 266 $ 639 5 320 225 $ 546 $ 198 112 329 $161 125 26e $ 639 The company's cost of capital is 8.5% a. Calculate Watervan's economic value added (EVA). (Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What is the company's return on capital? (Use start-of-year rather than average capital) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. What is its return on equity? (Use start-of-year rather than average equity) (Enter your answer as a percent rounded to 2 decimal places.) d. Is the company creating value for its shareholders? ME Graw Hill Tyne here to