Coastal Pipeline Inc. anticipated cash flow from operatingactivities of $8 milli

Coastal Pipeline Inc. anticipated cash flow from operatingactivities of $8 million in 2010. It will need to spend $1.5million on capital investments in order to remain competitivewithin the industry. Common stock dividends are projected at $.6million and preferred stock dividends at $.25 million.a. What is the firms projected free cash flow for the year2010?b. What does the concept of free cash flow represent?