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 $896.00 756.00 46.00 $ 94.00 27.00 $ 67.00 14.07 $ 52.93 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 384 288 $ 672 $ 342 237 $ 579 Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ 209 123 340 $ 172 136 271 $ 672 $ 579 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? million % a. Economic value added b. Return on capital c. Return on equity d. Is the company creating value for its shareholders