Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation $ 901 761 51 Earnings before interest and taxes (EBIT) Interest expense $ 89 32 Income before tax Taxes $ 57 27 Net income $ 30 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets Long-term assets $ 389 298 $ 352 242 Total assets $ 687 $ 594 Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity 214 128 345 177 141 240 Total liabilities and shareholders' equity $ 687 $ 558 The company's cost of capital is 7.50%. The company's cost of capital is 7.50%. a. Calculate Watervan's economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Economic value added million 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.) Return on capital % 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.) Return on equity % d. Is the company creating value for its shareholders? Yes No