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Awad Inc. paid $50,000 on its common stocks and $10,000 on its preferred stocks in the year 2019. During the same year, the firm borrowed
Awad Inc. paid $50,000 on its common stocks and $10,000 on its preferred stocks in the year 2019. During the same year, the firm borrowed $60,000 from a local bank at an annual interest rate of 6.25%. It also repurchased 10,000 shares of its own common stocks at a cost of $25 per share. Calculate the firms net cash flow from financing activities. Select one: a. ($250,000) b. $250,000 c. ($240,000) d. ($370,000) e. None of the choices
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