quick computing currently sells 12 million computer chips each year at a price of $16 per chip. it is about to introduce a new chip, and it forecasts annual sales of 25 million of these improved chips at a price of $20 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 8 million per year. the old chips cost $8 each to manufacture, and the new ones will cost $12 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? note: enter your answer in millions.
