The following table gives abbreviated balance sheets and income statements for Este Lauder Companies. ($ in millions) End of Year Start of Year Balance Sheet Assets Current assets: Cash and marketable securities $1,253 $1,121 Accounts receivable 946 746 Inventories 996 827 Other current assets 492 428 Total current assets 3,687 3,121 Fixed assets: Property, plant, and equipment 2,862 2,525 Less accumulated depreciation 1,719 1,501 Net fixed assets 1,143 1,024 Other long-term assets 1,444 1,191 Total assets $6,274 $5,336 Liabilities and Shareholders Equity Current liabilities: Debt due for repayment $ 138 $ 23 Accounts payable 1,805 1,549 Total current liabilities 1,943 1,572 Long-term debt 1,080 1,205 Other long-term liabilities 621 610 Total liabilities 3,627 3,370 Total shareholders' equity 2,629 1,948 Total liabilities and shareholders equity $6,274 $5,336 Income Statement Net sales $8,810 Cost of goods sold 1,937 Selling, general, and administrative expenses 5,486 Depreciation 298 Earnings before interest and taxes (EBIT) 1,089 Interest expense 64 Taxable income 1,025 Tax 322 Net income $ 703 Dividends 148 Addition to retained earnings 555 At the end of fiscal 2011 Este Lauder had 197 million shares outstanding21 with a share price of $105. The companys weighted-average cost of capital was about 10%. a. Calculate the market value added. (Enter your answer in millions.) Market value added $ million b. Calculate the market-to-book ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Market-to-book ratio c. Calculate the economic value added. (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place.) Economic value added $ million d. Calculate the return on capital. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on capital %