You're an industry analyst for the telecom sector, and have been analyzing financial reports from two companies: Talker Corp. and MobileTalk Inc. The corporate tax rate for both firms is 35%. Your associate analyst has calculated and compiled, in the following table, a list of important figures you'll probably need for the analysis: Data Collected Talker Corp. MobileTalk Inc. $60,000 EBIT $164,000 $54,120 Depreciation $19,800 $720,000 $374,400 Total operating capital Net investment in operating capital $360,000 $156,000 WACC 11.85% 11.88% 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: Talker Corp. has a free cash flow than MobileTalk Inc. does. The net operating profit after tax (NOPAT) for Talker Corp. is Talker Corp. has a return on invested capital of , whereas the NOPAT for MobileTalk Inc. is , whereas, MobileTalk Inc. 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 less than the rate of return that investors require, which is the weighted average cost of capital (WACC), then the firm is adding value. If ROIC is greater than the rate of return that investors require, which is the weighted average cost of capital (WACC), then the firm is adding value