Here are simplified financial statements for Watervan Corporation:

INCOME STATEMENT

$($Figures in $ millions$)$

Net sales $ $897\mathrm{.}00$

Cost of goods sold $757\mathrm{.}00$

Depreciation $47\mathrm{.}00$

Earnings before interest and taxes $($EBIT$)$ $ $93\mathrm{.}00$

Interest expense $28\mathrm{.}00$

Income before tax $ $65\mathrm{.}00$

Taxes $13\mathrm{.}65$

Net income $ $51\mathrm{.}35$

BALANCE SHEET

$($Figures in $ millions$)$

End of Year Start of Year

Assets

Current assets $ $385$ $ $344$

Long$-$term assets $290238$

Total assets $ $675$ $ $582$

Liabilities and shareholders$$ equity

Current liabilities $ $210$ $ $173$

Long$-$term debt $124137$

Shareholders$$ equity $341272$

Total liabilities and shareholders$$ equity $ $675$ $ $582$

The company$$s cost of capital is $8\mathrm{.}5\%.$

Required:

Calculate Watervan$$s economic value added $($EVA$).$

Note: Do not round intermediate calculations. Enter your answer in millions rounded to $2$ decimal places.

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.

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.

Is the company creating value for its shareholders?