23. Milliken Company paid $4.80 million to purchase stock in another company, $2.30 million to repurchase treasury shares, $3.75 million to buy short-term investments, sold used equipment for $0.93 million when its book value was $2.55 million, and purchased new equipment for $4.7 million. What was the net cash flow from investing activities? Multiple Choice $12.32 million net cash outflow. $14.62 million net cash outflow. $8.18 million net cash outflow. $14.33 million net cash outflow.