Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in s millions) Net sales Cost of goods sold Depreciation $901.00 761.00 51.00 Earnings before interest and taxess 89.00 (EBIT) Interest expense Income before tax Taxes Net income 32.00 $ 57.00 19.95 37.05 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Current assets Long-term assets Total assets $389 352 242 687 594 298 Liabilities and shareholders equity Current liabilities Long-term debt Shareholders' equity 214 177 141 240 $687 558 128 345 Total liabilities and shareho1ders' equity The company's cost of capital is 8%. a. Calculate Watervan's economic value added (EVA). (Do not round intermediate calculations. Enter your answer i rounded to 2 decimal nlaces.) K Prev 3 or 9