Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales 881 Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense 741 31 $ 109 12 Income before tax 97 Taxes 34 Net income $ 63 BALANCE SHEET (Figures in $ millions) End of Start of Year Year Assets $312 Current assets $369 Long-term assets 258 222 $ 534 Total assets 627 Liabilities and shareholders' equity Current liabilities $157 $194 Long-term debt Shareholders' equity 121 108 325 256 $627 $534 Total liabilities and shareholders' equity 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.) Economic value added million 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.) Return on capital % 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.) Return on equity %