Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales $891 Cost of goods sold 751 Depreciation 41 Earnings before interest and taxes (EBIT) \$ 99 Interest expense 22 Income before tax $77 Taxes 26.95 Net income $ 50.05 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets $379 $332 Long-term assets 278232 Total assets \$ 657$564 Liabilities and shareholders' equity Current liabilities \$204 \$167 Long-term debt 118 131 Shareholders' equity 335266 Total liabilities and shareholders' equity $657$564 The company's cost of 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.) 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 % d. Is the company creating value for its shareholders? Yes No