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Nova Electrics anticipates cash flow operating activities of $9 million in 20x1. It will need to spend $7.0 million on capital investments to remain competitive
Nova Electrics anticipates cash flow operating activities of $9 million in 20x1. It will need to spend $7.0 million on capital investments to remain competitive within the industry. Common stock dividends are projected at $0.30 million and preferred stock dividends at $0.25 million. What is the firm's projected free cash flow for the year 20x1? What does the concept of free cash flow represent
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