Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in 5 millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $888.00 748.00 38.00 $102.00 19.00 $ 83.00 17.43 $ 65.57 BALANCE SH (Figures in 5 milions) End of Year Start of Year $ 376 272 $ 648 $ 326 229 $ 555 Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ 201 115 332 $ 648 $ 164 128 263 $ 555 The company's cost of copital 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-ofyear 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.) the company creating value for its shareholders