Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $890.00 750.00 40.00 $100.00 21.00 $ 79.00 16.59 $ 62.41 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 378 276 $ 654 $ 330 231 $ 561 Assets Current assets Long-term assets Total assets Liabilities and shareholders equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ 203 117 334 $ 654 $ 166 130 265 $ 561 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 c. Return on equity d. Is the company creating value for its shareholders? %