Burt Burton’s business was faltering and the creditors were beginning to demand immediate payment. Burton’s brother had recently set up a new corporation for real estate investments. With the intent to save some of his assets, Burton transferred them to the new corporation with an understanding that Burton would receive stock after resolution of his financial problems. Five months later, Burton filed for bankruptcy. Will a trustee who has discovered the transfer be able to recover the assets?

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.)