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 $897.00 757.00 47.00 $ 93.00 28.00 $ 65.00 13.65 $ 51.35 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt $ 385 290 $ 675 $ 344 238 $ 582 $ 210 124 $ 173 137 $385 290 $ 675 $ 344 238 $ 582 Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ 210 124 341 $ 675 $ 173 137 272 $ 582 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 56