Stocks and bonds a. and checking accounts all commonly function as mediums of exchange, but only stocks and bonds are a store of value. b. and checking accounts are all stores of value, but only stocks and bonds commonly function as mediums of exchange. c. and checking accounts are all stores of value and commonly function as mediums of exchange. d. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange.

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.)