Sonic Co Ltd Provides the Following Information for the Period

Sonic Co Ltd provides the following information for the period ended 30 June 2005:

During the period Sonic Co Ltd issued debentures with a face value of $1,000,000 at a premium of $560,000. All transactions are in cash unless otherwise indicated. What is the net cash flow from financing activities for the period?

A) Net cash outflow $480,000
B) Net cash outflow $290,000
C) Net cash inflow $270,000
D) Net cash inflow $1,080,000
E) None of the given answers.