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QUICK COMPUTING CURRENTLY SELLS 17 MILLION COMPUTER CHIPS EACH YEAR AT A PRICE

QUICK COMPUTING CURRENTLY SELLS 17 MILLION COMPUTER CHIPS EACH YEAR AT A PRICE

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http://theperfecthomework.com/quick-computing-currently-sells-17-million-computer-chips-each-year-at-a-price-of-22-per-chip-it-is-about-to-introduce-a-new-chip-and-it-forecasts-annual/

Quick Computing currently sells 17 million computer chips each year at a price of $22 per chip. It is about to introduce a new chip, and it forecasts annual sales of 15 million of these improved chips at a price of $28 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 chip costs $7 each to manufacture, and the new ones will cost $10 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.)


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