Milliken Company paid $5.40 million to purchase stock in another company, $2.60 million to repurchase treasury shares, $4.50 million to buy short-term investments, sold used equipment for $0.96 million when its book value was $3.00 million, and purchased new equipment for $5.0 million. What was the net cash flow from investing activities? Multiple Choice $16.46 million net cash outflow $16.54 million net cash outflow. $8.96 million net cash outflow Multiple Choice $16.46 million net cash outflow. $16.54 million net cash outflow. $8.96 million net cash outflow. $13.94 million net cash outflow