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CI Inc. had operating cash flow of $ 4 0 , 0 0 0 for the past year. The company increased net working capital of

CI Inc. had operating cash flow of $40,000 for the past year. The company increased net working capital of $5,500, and increased net capital spending of $15,000. During the year, the company sold $10,000 stock, paid $5,000 dividend and $2,300 interest expense. What was the net new borrowing for the year?CI Inc. had operating cash flow of $40,000 for the past year. The company increased net working capital of $5,500, and increased net capital spending of $15,000. During the year, the company sold $10,000 stock, paid $5,000 dividend and $2,300 interest expense. What was the net new borrowing for the year?-$22,200-$6,700$11,300-$19,500$26,800

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