January 1 - December 31 , Year 2 Galaxy Corp. Balance Sheet December 31, Year 2 A sell recommendation A hold recommendation A buy recommendation Which of the following statements are correct? Check all that apply. An increase in the number of common shares outstanding must increase the market value of the firm's equity. Galaxy's NCF is calculated by adding its annual interest expense to the corresponding year's net income. For any given year, one way to compute Galaxy's EVA is as the difference between its NOPAT and the product of its operating capital and its weighted average cost of capital. The percentage change in Galaxy's MVA indicates that its management has increased the firm's value. Other things remaining constant, Galaxy's EVA will increase when its ROIC exceeds its WACC. January 1 - December 31 , Year 2 Galaxy Corp. Balance Sheet December 31, Year 2 A sell recommendation A hold recommendation A buy recommendation Which of the following statements are correct? Check all that apply. An increase in the number of common shares outstanding must increase the market value of the firm's equity. Galaxy's NCF is calculated by adding its annual interest expense to the corresponding year's net income. For any given year, one way to compute Galaxy's EVA is as the difference between its NOPAT and the product of its operating capital and its weighted average cost of capital. The percentage change in Galaxy's MVA indicates that its management has increased the firm's value. Other things remaining constant, Galaxy's EVA will increase when its ROIC exceeds its WACC