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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 13,217 4,036 4,073 2,494 2,614 709 1,905 546 1,359 844 Start of Year Statement of Financial Position (millions of dollars) End of Year Assets: Cash and marketable securities 101 Receivables 2,358 Inventories 199 Other current assets 855 Total current assets 3,513 Net property, plant, and equipment 19,949 Other long-term assets 4,228 Total assets 27,690 Liabilities and shareholders' equity: Payables 2,576 Short-term debt 1,407 Other current liabilities 823 Total current liabilities 4,806 Long-term debt and leases 7,066 Other long-term liabilities 6,190 Shareholders' equity 9,628 Total liabilities and shareholders' equity 27,690 170 2,466 250 920 3,806 19,891 3,782 27,479 3,052 1,561 799 5,412 6,809 6,161 9,097 27,479 Phone Corp's cost of capital was 71%. 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

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