Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales $900.00 Cost of goods sold 760.00 Depreciation 50.00 Earnings before interest and taxes (EBIT) $ 90.00 Interest expense 31.00 Income before tax $ 59.00 Taxes 12. 39 Net income $ 46.61 BALANCE SHEET (Figures in $ millions) End of Start Year of Year Assets Current assets $ 388 $ 350 Long-term assets 296 241 Total assets $ 684 $ 591 Liabilities and shareholders' equity Current liabilities $ 213 $ 176 Long-term debt 127 140 Shareholders' equity 344 256 Total liabilities and shareholders' equity $ 684 $ 572 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 million b. Return on capital C. Return on equity d. Is the company creating value for its shareholders? : Yes