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EE 16-8 p 788 PE 16-8B Free cash flow 083.4 Dillin Inc. reported the following on the company's statement of cash flows in Year 2

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EE 16-8 p 788 PE 16-8B Free cash flow 083.4 Dillin Inc. reported the following on the company's statement of cash flows in Year 2 and Year 1: Year 2 Yesr 1 Net cash flow from operating activities Net cash flow used for investing activities Net cash flow used for financing activiies $476,000 $455,000 (427,000) (378,000) (42,000) (58,800) Eighty percent of the net cash flow used for investing activities was used to replace existing capacity a. Determine Dillin's free cash flow for both years. b. Has Dillin's free cash flow improved or declined from Year 1 to Year 2

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