Sally is a partner of a small clothing company. this week she has been hosting a group of potential investors. several of the potential investors have asked about the company’s newest technology and ability to sell clothing online. if these potential investors decide to invest in her company it could mean enormous growth, however she is being asked to divulge some specific information about the company that she and her partner decided would not be discussed. she is now faced with a (n) issue.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)