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Selected information from Peridot Corporation's accounting records and financial statements for 2011 is as follows ($ in millions):
Cash paid to acquire machinery $32 Retired common stock 51 Proceeds from sale of land 95 Gain from the sale of land 50 Investment revenue received 72 Cash paid to acquire office equipment 85
In its statement of cash flows, Peridot should report net cash outflows from investing activities of:
a) $22 million.
b) $95 million.
c) $18 million.
d) $42 million.
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