Question: In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information ($ in
| In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information ($ in millions): |
| ($ in millions) | |||
| Payment for the early extinguishments of long-term notes (book value: $50 million) | $ | 54 | |
| Sale of common shares | $ | 176 | |
| Retirement of common shares | 122 | ||
| Loss on sale of equipment | 2 | ||
| Proceeds from sale of equipment | 8 | ||
| Issuance of short-term note payable for cash | 10 | ||
| Acquisition of building for cash | 7 | ||
| Purchase of marketable securities (not a cash equivalent) | 5 | ||
| Purchase of marketable securities (considered a cash equivalent) | 1 | ||
| Cash payment for 3-year insurance policy | 3 | ||
| Collection of note receivable with interest (principal amount, $11) | 13 | ||
| Declaration of cash dividends | 33 | ||
| Distribution of cash dividends declared in 2015 | 30 | ||
| Required: |
| 1. | In Millenniums statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) |

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