Canadian Beer reported equipment sold for $260 million cash and new equipment purchased $1,534 million cash. The equipment sold had a net book value of $188 million. Cash flow from investing activities would show:

An inflow of $260 million and outflow of $188 million.

A net outflow of $1,346 million.

Cash paid for equipment of $1,274 million.

An inflow of $260 million and outflow of $1,534 million.