Homework Answers
Answer: -$158 million
Explanation
Net increase in Cash in year 2 = $280 million - $120 million = $160 million
Net Cash from Operating Activities $702 Million
Net Cash from Investing Activities -$384 Million
Operating - Investing + Financing = Net increase in Cash
702 million - 384 million + Financing = $160 million
318 million + Financing = $160 million
Therefore, cash flow due to financing activities during Year 2 = $160 million - $318 million
= -$158 million
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