9. Evaluating free cash flows and return on invested capital You're an industry analyst for the telecom sector, and have been analyzing finanoal reports from two companies: CeiIT Corp. and TalkzMe inc. The corporate tax rate for both firms is 35\%. Your associate analyst has calculated and compliled, in the following table, a list of important figures youll probably need for the analysis: in your analysis, you want to look for several characteristics-one of them being the return on invested capital (ROiC). Using the information availsble, complete the following statements: - The net ogerating profit after tax (NOPAT) for CenT Corp. is , whereas the NOPAT for TalkzMe inc. is - Ceilt corp. has a free cash flow of , whereas, Talk2Me lne. has a free eash flow of - Ceilt Corp. has a retum on invested capital than Tak2Me tnc. has. Your inference from the analysis is that both firms are in a high-growth phase, and their growth will be profitable. Considering your analysis, which of the following statements is true? If a company has positive NOPAT but a negative free cash flow, then the firm could be in a high-growth phase and making investments in operating capital to support growth. If a compary has negative NOPAT but a positive free cash flow, then the firm could be in a hagh-growth phase and making investments in coersung capltal to suppart growit