Question: Midterm Test i Saved Help Save & Exit 12 Coastal Pipeline Corp. anticipates cash flows from operating activities of $8 million in 20XX. It will

Midterm Test i Saved Help Save & Exit 12 Coastal Pipeline Corp. anticipates cash flows from operating activities of $8 million in 20XX. It will need to spend $1.5 million on capital investments in order to remain competitive within the industry. Common share dividends are projected at $0.6 million and preferred dividends at $0.25 million. a. What is the firm's projected free cash flow for the year 20XX? (Enter the answer in millions. Round the final answer to 2 decimal places.) 01 19:32 Free cash flow $ million Mc Graw Hill Chapter 6 (1).docx Chapter 4 (1).docx Chapter 6.docx

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