3-7 What is free cash flow? If you were an investor, why might you be more interested in free cash flow than net income? 3-8 Would it be possible for a company to report negative free cash flow and still be highly valued by investors; that is, could a negative free cash flow ever be viewed optimistically by investors? Explain your answer. 3-9 How are management's actions incorporated in EVA and MVA? How are EVA and MVA interconnected? 3-11 What does double taxation of corporate income mean? Could income ever be subject to triple taxation? Explain your