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Here are simplified financial statements of phone corporation from a recent year: Income Statement (millions of dollars) Net sales Cost of goods sold Other expenses

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Here are simplified financial statements of phone corporation from a recent year: Income Statement (millions 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 13,207 4,046 4,063 2,504 2,594 699 1,895 556 1,339 849 Start of Year Statement of Financial Position (millions of dollars) End of Year Assets: Cash and marketable securities 96 Receivables 2,368 Inventories 194 Other current assets 860 Total current assets 3,518 Net property, plant, and equipment 19,959 Other long-term assets 4,223 Total assets 27,700 Liabilities and shareholders' equity: Payables 2,571 Short-term debt 1,412 Other current liabilities 818 Total current liabilities 4,801 Long-term debt and leases 7,046 other long-term liabilities 6,185 Shareholders' equity 9,668 Total liabilities and shareholders' equity 27,700 165 2,476 245 925 3,811 19,901 3,777 27,489 3,047 1,566 794 5,407 6,819 6,156 9,107 27,489 Phone Corp's cost of capital was 76%. 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.) Estated 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

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