What is free cash flow? Why is it important? What are the five uses of FCF? Donna

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What is free cash flow? Why is it important? What are the five uses of FCF?
Donna Jamison, a graduate of The University of Tennessee with four years of banking experience, was recently brought in as assistant to the chairman of the board of Computron Industries, a manufacturer of electronic calculators. The company doubled its plant capacity, opened new sales offices outside its home territory, and launched an expensive advertising campaign. Comnputron€™s results were not satisfactory, to put it mildly. Its board of directors, which consisted of its president and vice-president plus its major stockholders (who were all local businesspeople), was most upset when directors learned how the expansion was going.
What is free cash flow? Why is it important? What are
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