In preparation for developing its statement of cash flows for the year ended December 31, 2016, Rapid Pac, Inc., collected the following information:

	($ in millions)
Fair value of shares issued in a stock dividend	$	84.0
Payment for the early extinguishment of
long-term bonds (book value: $85.0 million)		90.0
Proceeds from the sale of treasury stock (cost: $21.0 million)		26.0
Gain on sale of land		3.0
Proceeds from sale of land		9.0
Purchase of Microsoft common stock		150.0
Declaration of cash dividends		55.0
Distribution of cash dividends declared in 2015		51.0

Required:

1.

In Rapid Pacs 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 rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

2.	In Rapid Pacs statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2016? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)