Totson Inc. reported the following on the company's statement of cash flows in 2014 and 2013:

Eighty percent of the cash flow used for investing activities was used to replace existing capacity.
a. Determine Totson's free cash flow.
b. Has Totson's free cash flow improved or declined from 2013 to 2014?

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2013 2014 Net cash flow from operating activities Net cash flow used for investing activities Net cash flow used for financing activities $210.000 $200.000 (160.000) (45,000) (180,000) (30.000)