Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales $ 898.00 Cost of goods sold 758.00 Depreciation 48.00 Earnings before interest and taxes (EBIT) $ 92.00 Interest expense 29.00 Income before tax $ 63.00 Taxes 13.23 Net income $ 49.77 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets $ 386 $ 346 Long-term assets 292 239 Total assets $ 678 $ 585 Liabilities and shareholders equity Current liabilities $ 211 $ 174 Long-term debt 125 138 Shareholders equity 342 273 Total liabilities and shareholders equity $ 678 $ 585 The companys cost of capital is 8.5%. a. Calculate Watervans economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) 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.) 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?