Problem 2-6 (p.92) Explain the difference between NOPAT and net income. Which is a better measure of the performance of a companys operations? Problem 2-7 (p.92) What is free cash flow? Why is it the most important measure of cash flow? Problem 2-8 (p.92?) If you were starting a business, what tax considerations might cause you to prefer to set it up as a proprietorship or a partnership rather than as a corporation?