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2-13. Nova Electrics anticipated cash flow from operating activities of S6 million in 2013. It will need to spend $1.2 million on capital investments in
2-13. Nova Electrics anticipated cash flow from operating activities of S6 million in 2013. It will need to spend $1.2 million on capital investments in order to remain competitive within the industry. Common stock dividends are projected at 8.4 million and preferred stock dividends at 8.55 million a. What is the firm's projected free cash flow for the year 2013? (FCF-$3.85M) b. What does the concept of free cash flow represent? (U)
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