Please review and answer the following question.

ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddlewa ESPN: The Worldwi... Shalimar Weather -... G Google https://searchsafe.n.. New Tab *Bookmarks Homework: Measuring Corporate Performance Assignment Saved 2 Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions ) 2.5 Net sales $888.00 points Cost of goods sold 748.00 Depreciation 38.00 Skipped Earnings before interest and taxes (EBIT) $102.00 Interest expense 19. 00 Income before tax $ 83.00 Taxes 17 .43 eBook Net income $ 65.57 Print BALANCE SHEET (Figures in $ millions) End of Start of Year Year Assets Current assets S 376 326 Long-term assets 272 229 Total assets 648 555 Liabilities and shareholders' equity Current liabilities 201 164 Long-term debt 115 128 Shareholders' equity 332 263 Total liabilities and shareholders' equity $ 648 555 The company's cost of capital is 8.5%. a. Calculate Watervan's economic value added (EVA). (Do not round intermediate calculations, Enter vour answer in millions Mc Graw Type here to search O 9x Lu Homework: Measuring Corporat X Question 2 - Homework: Measur X Buccaneers vs. Texans - Box Score x + ezto.mheducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F9%252Fims.mheducation.com%252Fmghmiddleware%252Fmhe ESPN: The Worldwi... Q Shalimar Weather --.. G Google https://searchsafe.n... New Tab Bookmarks Homework: Measuring Corporate Performance Assignment i Saved 2 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.) 2.5 b. What is the company's return on capital? (Use start-of-year rather than average capital.) (Do not round intermediate calculations. points 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 Skipped places.) d. Is the company creating value for its shareholders? eBook Print a. Economic value added million b . Return on capital % C. Return on equity d. Is the company creating value for its shareholders