You are an industry analyst for the telecom sector. You are analyzing financial reports from two companies: BlastTel Inc. and Saneel Corp. Corporate tax for both firms is 35%. Your associate analyst has calculated and compiled, in the following table, a list of important figures you need for the analysis: SaneTel Corp. Data Collected BlastTel Inc. EBIT $336,600 Depreciation $117,810 Total operating capital $1,425,500 Net investment in operating capital $594,000 WACC 12.28% $138,600 $48,510 $592,020 $257,400 17.35% In your analysis, you want to look for several characteristics one of them being the return on invested capital (ROIC). Using the information available, complete the following statements: BlastTel Inc. has a free cash flow than Sane Tel Corp. does. The net operating profit after tax (NOPAT) for BlastTel Inc. is whereas the NOPAT for Saneel Corps BlastTel Inc. has a return on invested capital of , whereas, Saneel Corp. has a return on invested capital of 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 ROIC is greater than the rate of return that investors require, which is the weighted average cost of capital (WACC), then thermis adding value IF ROIC is less than the rate of return that investors require, which is the weighted average cost of capital (WACC), then the form is adding value