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.