Inland Fisheries Corp. anticipates cash flows from operating activities of $6 million in 2016. It will need to spend $2 million on capital investments in order to remain competitive within the industry. Common share dividends are projected at $0.75 million and preferred dividends at $0.35 million a. What is the firm's projected free cash flow for the year 2016? (Enter the answer in millions. Round the final answer to 2 decimal places.) Free cash flow million b. What does the concept of free cash flow represent? O Free cash flow represents the funds that are available for special financial activities, such as the acquisition of another firm especially when it is a leveraged buyout. Free cash flow represents the funds that are available for investing activities, such as purchase of plant and equipment. O Free cash flow equals cash flow from operating activities