Free Cash Flow Burkhalter Inc. reported the following on the company's statement of cash flows in Year 2 and Year 1: Year 2 Year 1 Net cash flows from operating activities $385,000 $367,000 Net cash flows used for investing advities (293,000) (330,000) Net cash flows used for financing activities (83,000) (55,000) Seventy percent of the net cash flows used for investing activities was used to replace existing capacity. a. Determine Burkhalter's free cash flow for both years, Year 2 Year 1 b. Has Burkhalter's free cash flow improved or declined from Year 1 to Year 27