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Milliken Company paid $5.20 million to purchase stock in another company, $2.50 million to repurchase treasury shares, $4.25 million to buy short-term investments, sold used
Milliken Company paid $5.20 million to purchase stock in another company, $2.50 million to repurchase treasury shares, $4.25 million to buy short-term investments, sold used equipment for $0.95 million when its book value was $2.85 million, and purchased new equipment for $4.9 million. What was the net cash flow from investing activities? Multiple Choice $8.70 million net cash outflow. O $15.90 million net cash outflow. $13.40 million net cash outflow. O $15.75 million net cash outflow
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