HMA Inc. paid $$20$ million in dividends last year. During the year, the change in notes payable on the balance sheet was an increase of $$40$ million, and the change in common stock was an increase of $$30$ million. The change for longterm debt was an increase of $$25$ million. What was the net cash flow from financing activities last year?

Cash Flow from Financing Activities $=+$ Increase $(-$ Decrease$)$ in Notes Payable $+$ Increase $(-$ Decrease$)$ in Long$-$term debt $+$ Increase $(-$ Decrease$)$ in Common and Preferred Stock $-$ Dividends

Dividends paid are always a money outflow $($a use$).$

$$15$ million

$$75$ million

$$95$ million

$$25$ million