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 13,219 4,034 4,075 2,492 2,618 711 1,907 544 1,363 843 Start of Year Statement of Financial Position (millions of dollars) End of Year Assets: Cash and marketable securities 102 Receivables 2,356 Inventories 200 Other current assets 854 Total current assets 3,512 Net property, plant, and equipment 19,947 Other long-term assets 4,229 Total assets 27,688 Liabilities and shareholders' equity: Payables 2,577 Short-term debt 1,406 Other current liabilities 824 Total current liabilities 4,807 Long-term debt and leases 7,070 Other long-term liabilities 6, 191 Shareholders' equity 9,620 Total liabilities and shareholders' equity 27,688 171 2,464 251 919 3,805 19,889 3, 783 27,477 3,053 1,560 800 5,413 6,807 6,162 9,095 27,477 Phone Corp's cost of capital was 7%. 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 5 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