Assume the hiking shoes division of the all about shoes corporation had the following results last year (in thousands). management's target rate of return is 20% and the weighted average cost of capital is 30%. its effective tax rate is 30%. what is the division's capital turnover?

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.)