Here are simplified financial statements for Watervan Corporation:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$ 893
Cost of goods sold	753
Depreciation	43
Earnings before interest and taxes (EBIT)	$ 97
Interest expense	24
Income before tax	$ 73
Taxes	35
Net income	$ 38

BALANCE SHEET
(Figures in $ millions)
	End of Year				Start of Year
Assets
Current assets	$	381			$	336
Long-term assets		282				234
Total assets	$	663			$	570
Liabilities and shareholders equity
Current liabilities	$	206			$	169
Long-term debt		120				133
Shareholders equity		337				268
Total liabilities and shareholders equity	$	663			$	570

The companys cost of capital is 8.50%.

a.	Calculate Watervans 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 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.)

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

%