just part b please. the answer is not 13.46%

Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $895.00 755.00 45.00 $ 95.00 26.00 $ 69.00 14.49 $ 54.51 BALANCE SHEET (Figures in $ millions) Start of End of Year Year $ 383 286 $ 669 $ 340 236 $ 576 Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ 208 122 339 $ 669 $ 171 135 270 $ 576 The company's cost of capital is 8.5%. 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.) b. What is the company's return on capital? (Use start-of-year rather than average capital.) (Do not round intermediate calculations. 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 places.) d. Is the company creating value for its shareholders? $ a. Economic value added b. Return on capital Return on equity d. Is the company creating value for its shareholders? 40.63 million % 20.19% C. Yes