QUESTION 22 Frisbee Company paid $2.2 million to purchase stock in another company, $10 million to repurchase treasury shares, 5.5 million to buy short-term Investments, sold used equipment for 5.8 million when its book value was 5,6 million, and purchased new equipment for $3.4 million What was the net cash flow from investing activities? 56.3 million net cash outflow. $5.3 million net cash outflow. $5.1 million net cash outflow. 54.8 million net cash outflow. Click Save and Submit to save and submit. Click Save All Answers to save all answers