Assume that you are the project manager for the construction of a 15-mile road. Further, assume that the work is uniformly distributed over 12 weeks. The total approved budget for the project is $600,000. At the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed. What is the earned value of the project at the end of the first three weeks?

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.)