TRUE OR FALSE

Very little Free Cash Flow has been deployed in Mergers and Acquisitions. Value - Economic Value Added (EVA) is gauged by the extent the company can generate a return from its invested capital over the cost of this capital. Free Cash Flows have been retained, rather than deployed, building a cash hoard of Excess Cash on corporate Balance Sheets. FALSE There is a strong relationship between the overall high level of cash generation of NewCos and the high cash flow generation of the Industrials and Utilities sectors. Free Cash Flows have risen across the board, and NewCos' escalation has been even greater. FALSE Very little Free Cash Flow has been deployed in Mergers and Acquisitions. Value - Economic Value Added (EVA) is gauged by the extent the company can generate a return from its invested capital over the cost of this capital. Free Cash Flows have been retained, rather than deployed, building a cash hoard of Excess Cash on corporate Balance Sheets. FALSE There is a strong relationship between the overall high level of cash generation of NewCos and the high cash flow generation of the Industrials and Utilities sectors. Free Cash Flows have risen across the board, and NewCos' escalation has been even greater. FALSE