Problem 12-20 EVA The table below shows a condensed income statement and balance sheet for Androscoggin Copper's Rumford smelting plant (figures in $ millions). Assume the cost of capital is 12%. Assets, December 31, 2018 Net working capital $ 6.90 Income Statement for 2018 Revenue $ 58.46 Raw materials cost 18.54 Operating cost 20.91 Depreciation 4.32 Pretax income $ 14.69 Tax at 21% 3.08 Net income $11.61 Investment in plant and equipment Less accumulated depreciation Net plant and equipment 71.13 21.19 $ 49.94 Total assets $ 56.84 a. Calculate the plant's EVA. (Enter your answer in millions rounded to 2 decimal places.) EVA million b. As the table above shows, the plant is carried on Androscoggin's books at $49.94 million. However, it is a modern design, and could be sold to another copper company for $86 million. How should this fact change your calculation of EVA? (Negative answers should be indicated by a minus sign. Enter your answer in millions rounded to 2 decimal places.) EVA million