The cost of non-current assets as at 1 January 2022 was 765,400 and the carrying value was 456,903. As at 31 December 2022 the cost was 921,900. An asset which cost 45,000 in 2018 had been disposed of during the year ended 31 December 2022 for proceeds of 25,000. What was the net cash outflow from investing activities during the year ended 31 December 2022? a. 201,500 b. 188,000 c. 176,500 d. 156,500