Following information is gathered from a companys 2010 financial statements (in $ millions):

Balances as of Year Ended December 31		2009		2010
Retained earnings		145		120
Accounts receivable		43		38
Inventory		48		45
Accounts payable		29		36

In 2010, the company declared and paid cash dividends of $10 million and recorded depreciation expense in the amount of $25 million. The company considers dividends paid a financing activity. The companys 2010 cash flow from operations (in $ millions) was closest to

a. 25

b. 35

c. 45

d. 75