Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in 5 millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $899.ee 759.80 49.ee $ 91.00 30.00 $ 61.00 12.81 $ 48.19 BALANCE SHEET (Figures in $ millions) Start of End of Year Year $ $ 387 294 681 348 240 588 $ $ Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ $ 212 126 343 681 175 139 274 $ $ 588 The company's cost of capital is 8.5%. a. Calculate Watervan's economic value added (EVA). (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) (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? million a % Economic value added b. Return on capital Return on equity d. is the company creating value for its shareholders? c %