According to the lesson, which statement about competitions is not true?
a. most sports are competitive.
b. a competition can be against yourself, nature, or other people.
c. a competition involves the potential to receive a reward of recognition.
d. competitions are harmful to a person's self-esteem.

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.)