Instructions: questions 1-4 use the financial model on tab q1-4 in the exam workbook. complete the model by filling in the blank cells before answering the question below. answers should be rounded to the nearest whole number, comma separating 000s, not written in currency format. so if the answer is $5,505,210.50, you would input 5,505,210. what is forecast revenue in 2017?

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.)