Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales $ 889 Cost of goods sold 749 Depreciation 39 Earnings before interest and taxes (EBIT) $ 101 Interest expense 20 Income before tax $ 81 Taxes 26 Net income $ 55 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets $ 377 $ 328 Long-term assets 274 230 Total assets $ 651 $ 558 Liabilities and shareholders equity Current liabilities $ 202 $ 165 Long-term debt 116 129 Shareholders equity 333 264 Total liabilities and shareholders equity $ 651 $ 558 The companys cost of capital is 7.50%. a. Calculate Watervans 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 companys 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