Explain free cash flows. Describe which types of cash flows are free and which are not. How

Question:

Explain “free” cash flows. Describe which types of cash flows are free and which are not. How do free cash flows available for debt and equity differ from free cash flows available for common equity shareholders?

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...