In 1998, parker corporation purchased land for $130,000. in 2010, parker company had the land appraised, and its value was estimated to be $190,000. also during 2010, another company offered parker $145,000 for the parcel of land. when the balance sheet is prepared at the end of 2010, at what dollar amount should the land be reported? a. $190,000 b. $145,000 c. $130,000 d. none of these

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.)