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12. The following are summary cash flow statements for three roughly equal sized companies: ($ millions) A B C Net cash flows from operating activities

12. The following are summary cash flow statements for three roughly equal sized companies:

($ millions)

A B C

Net cash flows from operating activities $(300) $(300) $300

Net cash used in investing activities (900) (30) (90)

Net cash from financing activities 1,200 210 (240)

Cash balance at beginning of year 150 150 150

a. Calculate each company

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