Valencia Company paid $$2\mathrm{.}60$ million to purchase stock in another company, $$2\mathrm{.}00$ million to repurchase treasury shares, $$0\mathrm{.}40$ million to buy shortterm investments, sold used equipment for $$0\mathrm{.}55$ million when its book value was $$0\mathrm{.}45$ million, and purchased new equipment for $$3\mathrm{.}2$ million. What was the net cash flow from investing activities?

Multiple Choice

$$4\mathrm{.}2$ million net cash outflow.

$$5\mathrm{.}65$ million net cash outflow.

$$7\mathrm{.}65$ million net cash outflow.

$$6$ million net cash outflow.