Free cash flow Dillin Inc. reported the following on the company's statement of cash flows in 2012 and 20Y1: 20Y2 20Y1 Net cash flows from operating activities $430,900 $416,900 Net cash flows used for investing activities (427,000) (377,000) Net cash flows used for financing activities (45,000) (55,000) Of the net cash flows used for investing activities, 70% was used for the purchase of property, plant, and equipment. a. Determine Dillin's free cash flow for both years. Free cash flow 20Y2 20Y1 b. Has Dillin's free cash flow improved or declined from 20Y1 to 20Y2?