During the last year, Globo-Chem Co. generated $702 million in cash flow from operating activities and...

During the last year, Globo-Chem Co. generated $702 million in cash flow from operating activities and had negative cash flow generated from investing activities (-$384 million). At the end of the first year, Globo-Chem Co. had $120 million in cash on its balance sheet, and the firm had $380 million in cash at the end of the second year.

What was the firm’s cash flow (CF) due to financing activities in the second year? -$29.00 million $72.50 million -$58.00 million $43.50 million

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