Here are simplified financial statements for Watervan Corporation: Net sales Cost of goods sold Depreciation INCOME STATEMENT (Figures in 5 millions) Earnings before interest and taxes (EBIT) Interest expense Income before tax Net income $ 897.00 757.00 47.00 $ 93.00 28.00 $ 65.00 13.65 $ 51.35 Assets BALANCE SHEET (Figures in 3 millions) End of Year Start of Year Current assets Long-term assets Total assets $ 385 290 $675 $ 344 238 $ 582 Liabilities and shareholders' equity Current liabilities $ 210 $173 Long-term debt 124 137 Shareholders' equity 341 272 Total liabilities and shareholders' equity $675 $ 592 The company's cost of capital is 8.5% Required: a. Calculate Watervan's economic value added (EVA). Note: Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places. b. What is the company's return on capital? (Use start-of-year rather than average capital.) Note: Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. c. What is its return on equity? (Use start-of-year rather than average equity.) Note: Enter your answer as a percent rounded to 2 decimal places. d. is the company creating value for its shareholders? a. Economic value added b. Return on capital million % c. Return on equity % d. Is the company creating value for its shareholders?