Nova Electrics anticipates cash flow from operating activities of $9 million in 20X1. It will need to spend $4.0 million on capital investments to remain competitive within the industry. Common stock dividends are projected at $0.75 million and preferred stock dividends at $0.45 million. a. What is the firm's projected free cash flow for the year 20X1? Note: Enter your answer in millions of dollars rounded to 2 decimal places. Free cash flow millon b. What does the concept of free cash flow represent? O Free cash flow equals cash flow from operating activities. O Free cash flow represents the funds that are available for investing activities, such as purchasing plant and equipment assets. O 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.