Connie stepped in to assist her friend Fred to conduct his research plan for his business. He is trying to see where he should open his next tie boutique. Connie first reviews the plan and then begins checking out potential geographic regions large enough to support this type of boutique. She also looks at census data for what the overall locations look like demographically. Now that she has conducted secondary research, what should be her next step?

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.)