Eagle Companys financial statements for the year ended December 31, 2005 were as follows (in $ millions):

Income Statement Sales 150 Cost of Goods Sold (48) Wages Expense (56) Interest Expense (12) Depreciation (22) Gain on Sale of Equipment 6 Income Tax Expense (8) Net Income 10

Balance Sheet 12-31-04 12-31-05 Cash 32 52 Accounts Receivable 18 22 Inventory 46 44 Property. Plant & Equip (net) 182 160 Total Assets 278 278 Accounts Payable 28 33 Long-term Debt 145 135 Common Stock 70 70 Retained Earnings 35 40 Total Liabilities & Equity 278 278

Cash flow from operations (CFO) for Eagle Company for the year ended December 31. 2005 was (in $ millions).

a. $41

b. $29

c. $37