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Here are simplified financial statements for Watervan Corporation INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and
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 901.00 761.00 51.00 89.00 32.00 $57.00 19.95 $ 37.05 BALANCE SHEET (Figures in $ millions) End of Start Year of Year Assets $ 389 352 242 Current assets 298 $ 687 Long-term assets Total assets 594 Liabilities and shareh|ders' equity Current liabilities Long-term debt Shareholders equity $ 214177 141 240 $ 687558 128 345 Total liabilities and shareholders' equity The companys cost ot capital is 8% a. Calculate Watervan's economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
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