Question: Brief Exercise 2 1 - 7 ( Algo ) Installment note [ LO 2 1 - 3 , 2 1 - 6 ] On January

 Brief Exercise 21-7(Algo) Installment note [LO21-3,21-6] On January 1,2024, the Merit
Brief Exercise 21-7(Algo) Installment note [LO21-3,21-6]
On January 1,2024, the Merit Group issued to its bank a $30 million, five-year installment note to be paid in five equal payments at the end of each year. Installment payments of $7.122 million annually include interest at the rate of 6.0%.
Required:
What would be the amount(s) related to the note that Merit would report in its statement of cash flows for the year ended December 31,2024?
Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 2 decimal places (i.e.,5,500,000 should be entered as 5.50).
\table[[,($ in millions)],[Cash inflow from financing activities,$,30.00],[Cash inflow from investing activities,$,1.80],[Cash inflow from financing activities,$,5.32]]
Group issued to its bank a $30 million, five-year installment note to

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