George bought 100 shares of ABC Corporation at $20/share. He held the shares for a year and then sold them at $22/share. The ABC Corporation realized . A. a risk-return tradeoff of 10 percent
B. a capital appreciation of 10 percent
C. a standard deviation of 10 percent
D. a premium of 10 percent

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.)