Here are simplified financial statements for Watervan Corporation:

INCOME STATEMENT(Figures in $ millions)Net sales$ 895Cost of goods sold755Depreciation45Earnings before interest and taxes (EBIT)$ 95Interest expense26Income before tax$ 69Taxes33Net income$ 36

BALANCE SHEET(Figures in $ millions)End of YearStart of YearAssetsCurrent assets$383$340Long-term assets286236Total assets$669$576Liabilities and shareholders equityCurrent liabilities$208$171Long-term debt122135Shareholders equity339270Total liabilities and shareholders equity$669$576

The companys cost of capital is 7.50%.

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 %