Here are simplified financial statements for Watervan Corporation:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$ 896.00
Cost of goods sold	756.00
Depreciation	46.00
Earnings before interest and taxes (EBIT)	$ 94.00
Interest expense	27.00
Income before tax	$ 67.00
Taxes	14.07
Net income	$ 52.93

BALANCE SHEET
(Figures in $ millions)
	End of Year	Start of Year
Assets
Current assets	$ 384	$ 342
Long-term assets	288	237
Total assets	$ 672	$ 579
Liabilities and shareholders equity
Current liabilities	$ 209	$ 172
Long-term debt	123	136
Shareholders equity	340	271
Total liabilities and shareholders equity	$ 672	$ 579

The companys cost of capital is 8.5%.

Required:

Calculate Watervans economic value added (EVA).

Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.

What is the companys return on capital? (Use start-of-year rather than average capital.)

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.