You're an industry analyst for the telecom sector, and have been analyzing financial reports from two companles: CellT Corp. and TalkzMe 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 probably need for the analysis: 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: - CellT Corp. has a free cash flow than Talk2Me Inc. does. - The net operating profit after tax (NOPAT) for CellT Corp. is, whereas the NOPAT for Talk2Me Inc. is - CellT Corp. has a return on invested capital of , whereas, Talk2Me 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