Here are simplified financial statements for Watervan Corporation:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$ 891
Cost of goods sold	751
Depreciation	41
Earnings before interest and taxes (EBIT)	$ 99
Interest expense	22
Income before tax	$ 77
Taxes	24
Net income	$ 53

BALANCE SHEET
(Figures in $ millions)
	End of Year		Start of Year
Assets
Current assets	$	379			$	332
Long-term assets		278				232
Total assets	$	657			$	564
Liabilities and shareholders equity
Current liabilities	$	204			$	167
Long-term debt		118				131
Shareholders equity		335				266
Total liabilities and shareholders equity	$	657			$	564

The companys cost of capital is 8.00%.

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

Economic value added

$million

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.)

Return on capital

%

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.)

Return on equity

%