Here are simplified financial statements of phone corporation from a recent year. Income Statement (nillions of dollars) Net sales Cost of goods sold other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expenses Income before tax Taxes Net income Dividends 13,211 4,042 4,067 2,500 2,602 703 1,899 552 1,347 847 Start of Year Statement of Financial Position (millions of dollars) End of Year Assets: Cash and marketable securities 98 Receivables 2,364 Inventories 196 Other current assets 858 Total current assets 3,516 Net property, plant, and equipment 19,955 Other long-term assets 4,225 Total assets 27,696 Liabilities and shareholders' equity: Payables 2,573 Short-term debt 1,410 Other current liabilities 820 Total current liabilities 4,883 Long-term debt and leases 7,054 Other long-term liabilities 6, 187 Shareholders' equity 9,652 Total liabilities and shareholders' equity 27,696 167 2,472 247 923 3,899 19,897 3,779 27,485 3,849 1,564 796 5,489 6,815 6,158 9,103 27,485 Statement of Financial Position (millions of dollars) End of Year Start of Year Assets: Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity 98 2,364 196 85B 3,516 19,955 4,225 27.696 167 2,472 247 923 3,809 19,897 3,779 27,485 2,573 1,410 B20 4.83 7,054 6,187 9,652 27,696 3,849 1,564 796 5,409 6,815 6,158 9,103 27,485 Phone Corp.'s cost of capital was 7.4%. Estimate the tax rate (taxes/income before taxes) and calculate net operating profit after taxes. (Round your intermediate calculations and final answers to 2 decimal places. Enter your answer for NOPAT in millions of dollars.) Estimated tax rate NOPAT $ What was Phone Corp's economic value added? (Round your intermediate calculations and final answer to 2 decimal places. Enter your answer in millions of dollars.) EVA 5