Yowell Company began operations on January 1, 2016. During 2016, the company engaged in the following cash transactions: 1) issued stock for $40,000 2) borrowed $25,000 from its bank 3) provided consulting services for $39,000 4) paid back $15,000 of the bank loan 5) paid rent expense for $9,000 6) purchased equipment costing $12,000 7) paid $3,000 dividends to stockholders 8) paid employees' salaries, $21,000

What is Yowell's net cash flow from investing activities?

		Outflow of $40,000
		Outflow of $25,000
		Outflow of $12,000
		Inflow of $47,000