Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation $ 886.00 746.00 36.00 Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $ 104.00 17.00 $ 87.00 18.27 $ 68.73 Assets BALANCE SHEET (Figures in $ millions) End of Start of Year Year $ 374 $ 322 Current assets Long-term assets 268 227 Total assets Liabilities and shareholders' equity Current liabilities $ 642 $ 549 $ 199 $ 162 Long-term debt 113 126 Shareholders' equity 330 261 Total liabilities and shareholders' equity $ 642 $ 549 The company's cost of capital is 8.5%. Required: a. Calculate Watervan's economic value added (EVA). Note: 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.) Note: 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.) Note: Enter your answer as a percent rounded to 2 decimal places. d. Is the company creating value for its shareholders? a. Economic value added b. Return on capital c. Return on equity d. Is the company creating value for its shareholders? million % %