Valencia Company paid $3.40 million to purchase stock in another company, $2.80 million to repurchase treasury shares, $0.48 milion to duy short-term investments, sold used equipment for $0.63 milion when its book value was $0.53 million, and purchased new equipment for $4.0 milion. What was the net cash flow from investing activities? Multiple Choice $7.84 million net cash outflow. $5.16 million net cash outfiow $725 miliion net cash outfow $10.05 million net cash outflow