Nova Electrics anticipates cash flow from operating activitles of $13 million In 201. It will need to spend $8.5million on capltal Investments to remain competitive within the industry. Common stock dividends are projected at $1.1 million and preferred stock dividends at $1.3 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