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PE 16-8B Free cash flow OBJ. 4 Dillin Inc. reported the following on the companys statement of cash flows in Year 2 and Year 1:

PE 16-8B Free cash flow OBJ. 4 Dillin Inc. reported the following on the companys statement of cash flows in Year 2 and Year 1: Year 2 Year 1 Net cash flow from operating activities $476,000 $455,000 Net cash flow used for investing activities (427,000) (378,000) Net cash flow used for financing activities (42,000) (58,800) Eighty percent of the net cash flow used for investing activities was used to replace existing capacity. a. Determine Dillins free cash flow for both years. b. Has Dillins free cash flow improved or declined from Year 1 to Year 2? my question is how do you figure out what percentage to mulitply by?

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