Excel Technology is considering seller-finance for an existing customer with the following information. The net income is $120MM. The depreciation cost is $10MM. What is the subject firm's cash flow from operations (CFO)? Show your calculations (9 points)

Decrease in accounts receivable	$30 MM
Issuance of new stocks	17
Proceeds from the sale of fixed assets	5
Increase in inventory	17
Increase in accounts payable	15
Dividends paid out	35
Decrease in wages payable	15