o not pay any income taxes. Question 15 (Mandatory) (0.5 points) Net operating profit after taxes (NOPAT) is defined as which of the following O Net profit a firm earns after taxes, but before any financing costs Net profit a firm earns before taxes, but after any financing costs Net profit a firm earns after taxes, and after any financing costs Net profit a firm earns before taxes, and before any financing costs Question 16 (Mandatory) (0.5 points) Free cash flow is defined as: U Net profit a firm ears before taxes, and before any financing costs Question 16 (Mandatory) (0.5 points) Free cash flow is defined as: cash flows available for payments to stockholders and debt holders of a firm after the firm has made investments in assets necessary to sustain the ongoing operations of the firm. cash flows available for payments to stockholders and debt holders of a firm that would be tax-free to the recipients. cash flows available for payments to stockholders of a firm after the firm has made payments to all others will claims against it. cash flows available for payments to stockholders and debt holders of a firm after the firm has made payments necessary to vendors. Question 17 (Mandatory) (0.5 points) Which of the following is an example of a capital structure