Here are simplified financial statements for Watervan Corporation:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$	881
Cost of goods sold		741
Depreciation		31
Earnings before interest and taxes (EBIT)	$	109
Interest expense		12
Income before tax	$	97
Taxes		34
Net income	$	63

BALANCE SHEET
(Figures in $ millions)
	End of Year				Start of Year
Assets
Current assets	$	369			$	312
Long-term assets		258				222
Total assets	$	627			$	534
Liabilities and shareholders equity
Current liabilities	$	194			$	157
Long-term debt		108				121
Shareholders equity		325				256
Total liabilities and shareholders equity	$	627			$	534

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.)