K Corp expects the following for 2024:

Net cash provided by operating activities of $31,000

Net cash provided by financing activities of $64,000

Net cash provided by investing activities of $67,000

Cash dividends to stockholders of $7,000

The business plans to spend $12,500 to purchase equipment.

1. What is the expected amount of free cash flow for 2024?

2. What does the amount of free cash flow tell us about the company?