Selected information from Large Corporation's accounting records and financial statements for 2013 is as follows ($ in millions): Cash paid to acquire a patent $48 Treasury stock purchased for cash 45 Proceeds from sale of land and buildings 75 Gain from the sale of land and buildings 46 Investment revenue received 15 Cash paid to acquire office equipment 70 Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net cash outflows from investing activities of:

a. $28 million.

b.$48 million.

c.$118 million.

d.$58 million.