Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold $898.00 758.00 48.00 Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $ 92.00 29.00 $ 63.00 13.23 $ 49.77 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets Long-term assets Total assets $ 386 292 $ 346 239 $ 678 $ 585 Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity $ 211 125 342 $174 138 273 Total liabilities and shareholders' equity $ 678 $ 585 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? a. Economic value added b. Return on capital million % C. Return on equity % d. Is the company creating value for its shareholders?