Use the following balance sheets and income statement for this question

Calculate the firm's Economic Value Added (EVA) during 2019 given the firm's cost of capital (WACC) is 10% and interpret the meaning of EVA for this firm investors.

(All in $ Million) LIABILITIES AND EQUITY 2018 2019 2018 2019 Current assets: Accounts payable 540.0 398.1 Cash and cash equivalents 1,148.1 1,188.6 Accrued liabilities 1,086.5 1,301.5 Short-term investments 902.6 848.4 Deferred revenue 449.3 510.2 Accounts receivable, net 386.5 485.9 Long-term debt 549.5 549.6 Inventories Other long-term financing liabilities 965.8 1,241.5 347.8 345.3 Prepaid expenses 391.9 435.2 Total liabilities 2,973.1 3,104.7 Total current assets 3,794.9 4.199.6 Common stock par value 0.7 0.7 0.7 Additional paid-in capital Long-term investments securities 0.7 40.5 479.3 575.9 40.5 40.5 Retained earnings Property, plant and equipment, net 2,355.0 2,658.9 4,297.4 5,046.2 Other operating assets 731.2 784.8 Other equity interests 48.4 27.1 TOTAL ASSETS 7,360.4 8,219.2 Total shareholders' cquity 4,387.0 5,114.5 Non-controlling interests 24 5.5 Tully Corp (in $ Million) 2018 2019 Total equity 4,387,3 5,114.5 TOTAL LIABILITIES AND EQUITY Total net revenue 11,700.4 13.299.5 7,360.4 8.219.2 Cost of sales 4,915.5 5,813.3 Store and operating expense 3,987.7 4,348.0 Depreciation expense 523.3 550.3 General administrative expense 749.3 801.2 Other operating income 203.9 210.7 Operating income 1,728.5 1,997.4 Interest income 115.9 94.4 Interest expense -33.3 -32.7 Earnings before income tax 1,811.1 2,059.1 Income taxes 563.1 674,4 Net earnings 1,248.0 1,384.7 Total dividend payment 419.1 635.9 Shares outstanding 748.3 754.4