Table below a condensed income statement and balance sheet for XYZ company. Companys cost of debt is 6% before tax, its beta is 1.2, the yield on treasury bond 4% and the market risk premium is 6%. Assume that the tax rate is 35%.

Income Statement 2015
Revenue	$56.66
Raw Materials Cost	18.72
Operating Cost	21.09
Depreciation	4.5
Pretax Income	$12.35
Tax at 35%	$4.32
Net Income	$8.03

Balance Sheet 2015
Net Working Capital	7.08	Short Term Debt	15
Investment in Plant and Equipment	69.33	Long Term Debt	19
Less Accumulated Depeciation	21.01	Common Stock	10
Net Plant and Equipment	48.32	Retained Earnings	11.4
Total Assets	55.4	Total Liabilities and Owners' Equity	55.4

1. Calculate the companys cost of capital (WACC).
2. Calculate the companys Economic Value Added (EVA).