Selected information from Curl Up and Dye Salons accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to acquire equipment $20; Treasury stock purchased for cash $22; proceeds from sale of land and buildings $45; gain from the sale of land and buildings $16; investment revenue received $33; cash paid to acquire office equipment $40. On its statement of cash flows, the company should report net cash flows from investing activities of:

$15 million net outflow

$37 million net outflow

$30 million net inflow

$1 million net inflow