ESM Construction LTD has cash flow from operations of 200 000$. They purchase additional equipment for 30 000$ and invested in long term securities...

ESM Construction LTD has cash flow from operations of 200 000$. They purchase additional equipment for 30 000$ and invested in long term securities for 10 000$. they are required to pay out 8000$ in preferred share dividends, their net income is 100 000$ and there ay out ratio is 10%.

What is free cash flow?

What is free cash flow and what does it mean for ESM Contruction Ltd.