At 31 December 2017 Bagsack Co had ordinary share capital of 4 million and share premium of 5.75 million; long-term loans were 4.625 million.

At 31 December 2018 the ordinary share capital was 5 million and share premium was 7.55 million; long-term loans were 3.35 million.

Bagsack Co did not pay any dividends in 2018. The company does not have any preference shares. There were no non-cash investing and financing activities in 2018.

What was Bagsack Co's net cash inflow or outflow from financing activities for the year ended 31 December 2018?

Group of answer choices:

net inflow of 1.525 million

net outflow of 0.275 million

net inflow of 4.075 million

net inflow of 0.525 million