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What is the firm projected free cash flow

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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?

Reference no: EM133098956

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