Net sales Cost of goods sold Depreciation INCOME STATEMENT (Figures in $ millions) Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $ 882.00 742.00 32.00 $ 108.00 13.00 $ 95.00 19.95 $ 75.05 Assets Current assets Long-term assets Total assets BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 370 260 $ 314 223 $ 630 $ 537 Liabilities and shareholders' equity Current liabilities $ 195 $ 158 Long-term debt Shareholders' equity 109 326 122 257 Total liabilities and shareholders' equity $ 630 $ 537 The company's cost of capital is 8.5%. Required: 13 a. Calculate Watervan's economic value added (EVA). Note: 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.) Note: 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.) Note: Enter your answer as a percent rounded to 2 decimal places. d. Is the company creating value for its shareholders? a. Economic value added b. Return on capital c. Return on equity d. Is the company creating value for its shareholders? million % %