Reference no: EM131873612

Kwill Pens, Inc. produces the following income statement and balance sheet for the year. The company has a tax rate of 35% and a cost of capital of 9.50%. Income Statement ($ millions) Balance Sheet ($ millions) Net sales $ 2,200.00 Assets Expenses 480.00 Current assets $ 1,100.00 Depreciation 240.00 Net fixed assets 1,650.00 EBIT $ 1,480.00 Total assets $ 2,750.00 Interest expense 360.00 Taxable income $ 1,120.00 Liabilities & Owner's Equity Taxes (35%) 392.00 Current liabilities $ 880.00 Net income $ 728.00 Long-term debt 1,210.00 Owner's equity 660.00 Total liabilities and equity $ 2,750.00 a. What is the company’s after-tax operating income? (Enter your answer in millions and round to two decimal places.) b. What is the company’s total capitalization? (Enter your answer in millions and round to two decimal places.) c. What is the company’s economic value added? (Enter your answer in millions and round to two decimal places.)