1) Company XYZ purchased new plant and equipment totaling $225 million dollars last year. The firm also sold its plastic division to another firm for $90 million and also repurchased $15 million of its own common stock last year. What was the total amount reported under Cash Flows from Investment Activities on its Statement of Cash Flows last year? Note that numbers in parentheses are negative (they are cash outflows).

2) Calamari Corp. recently reported EBIT of $875,000 and depreciation expense of $120,000 on its Income Statement for the fiscal year ending on December 31, 2015. Calamari reported Net fixed assets of $1.54 million on its 2014 balance sheet and $1.725 million on its 2015 balance sheet. Net operating working capital decreased from $185,000 in 2014 to $172,500 in 2015 (based on the year-end balance sheet amounts). Calamari has a 40% corporate tax rate. What is the free cash flow for Calamari for the fiscal year ending on December 31, 2015?

3) Cheryl Simpkins, CEO of Eclectic Electric Corp. (EEC), just announced an earnings goal of $3.00 per share for next year. With 1 million shares of common stock outstanding, that would require net income to be $3,000,000. EEC is expected to have interest expense of $440,000 and depreciation expense of $380,000 next year. Assume the firm's operating expense (excluding depreciation) is expected to be 40% of revenue. EEC faces a 40% corporate tax rate. What revenue amount is needed to meet the EPS goal of $3.00 for EEC?