Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2016 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2017 $100 275 375 $750 $85 200 250 $635 1,490 $2,125 2,000 $2,750 $150 $85 75 50 75 150 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $375 450 1,225 700 $2,750 $210 290 1,225 400 $2,125 Income Statements: Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net Income 2017 $2,000 1,250 $750 100 $650 62 $588 235 $353 2016 $1,500 1,000 $500 75 $425 45 $380 152 $228 Dividends pald Addition to retained earnings $53 $300 $48 $ $180 Shares outstanding Price 160 $20.83 12.00% 160 $18.33 WACC Using the financial statements given earlier, what is Rosnan's 2017 economic value added (EVA)? Round your answer to the nearest cent. Do not round intermediate calculations. $