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 $ 6.88 Income Statement for 2018 Revenue $ 58.66 Raw materials cost 18.52 Operating cost 20.89 Depreciation 4.30 Pretax income $ 14.95 Tax at 21% 3.14 Net income $ 11.81 Investment in plant and equipment Less accumulated depreciation Net plant and equipment 71.33 21.21 $ 50.12 Total assets $ 57.00 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 $50.12 million. However, it is a modern design, and could be sold to another copper company for $84 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