40. Milliken Company paid $2.60 million to purchase stock in another company, $1.20 million to repurchase treasury shares, $1.00 million to buy short-term investments, sold used equipment for $0.82 million when its book value was $0.90 million, and purchased new equipment for $3.6 million. What was the net cash flow from investing activities?

Multiple Choice

$7.58 million net cash outflow.

$6.52 million net cash outflow.

$5.32 million net cash outflow.

$6.38 million net cash outflow.