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What is the firm projected free cash flow for the year

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    Assignment ID: FG133136286

    Question – 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. What is the firm’s projected free cash flow for the year 20XX?

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