Nova Electrics anticipates cash flow from operating activities of $$12$ million in $20$X$1.$ It will need to spend $$9\mathrm{.}5$ million on capital investments to remain competitive within the industry. Common stock dividends are projected at $$0\mathrm{.}40$ million and preferred stock dividends at $$0\mathrm{.}32$ million. What is the firms projected free cash flow for the year $20$X$1?$ Note: Enter your answer in millions of dollars rounded to $2$ decimal places. What does the concept of free cash flow represent? multiple choice Free cash flow equals cash flow from operating activities. Free cash flow represents the funds that are available for investing activities, such as purchasing plant and equipment assets. Free cash flow represents the funds that are available for special financial activities, such as a leveraged buyout, increased dividends, common stock repurchases, acquisitions, or repayment of debt.