Here are simplified financial statements for Watervan Corporation:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$	882.00
Cost of goods sold		742.00
Depreciation		32.00
Earnings before interest and taxes (EBIT)	$	108.00
Interest expense		13.00
Income before tax	$	95.00
Taxes		19.95
Net income	$	75.05

BALANCE SHEET
(Figures in $ millions)
	End of Year				Start of Year
Assets
Current assets	$	370			$	314
Long-term assets		260				223
Total assets	$	630			$	537
Liabilities and shareholders equity
Current liabilities	$	195			$	158
Long-term debt		109				122
Shareholders equity		326				257
Total liabilities and shareholders equity	$	630			$	537

The companys cost of capital is 8.5%.

a. Calculate Watervans economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

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.)

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?