Here are simplified financial statements TOP Watervan Corporation. INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $901.00 761.00 51.00 $ 89.00 32.00 $ 57.00 11.97 $ 45.03 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 389 298 $ 687 $ 352 242 $ 594 Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ 214 128 345 $ 177 141 240 $ 687 $ 558 The company's cost of capital is 8.5%. a. Calculate Watervan's economic value added (EVA). (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.) (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.) (Enter your answer as a percent rounded to 2 decimal places.) d. Is the company creating value for its shareholders? a. $ 253.54 million b. % Economic value added Return on capital Return on equity Is the company creating value for its shareholders? c. % d