You are comparing the free cash flows of two technology giants, Microsoft Corporation and Apple Inc., for the fiscal year 2023.

Requirements:

1. Microsoft reported operating cash flow of $50 billion, capital expenditures of $10 billion, and dividends paid of $5 billion for the fiscal year 2023. Apple reported operating cash flow of $60 billion, capital expenditures of $15 billion, and dividends paid of $8 billion during the same period.
2. Calculate the free cash flow for both Microsoft and Apple.
3. Analyze and discuss the differences in free cash flow generation and capital allocation strategies between Microsoft and Apple.