Quick Computing currently sells 13 million computer chips each year at a price of $14 per chip. It is about to introduce a new chip, and it forecasts annual sales of 20 million of these improved chips at a price of $18 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 $7 each to manufacture, and the new ones will cost $11 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.)

Tubby Toys estimates that its new line of rubber ducks will

generate sales of $6.20 million, operating costs of $3.20 million, and a

depreciation expense of $0.20 million. If the tax rate is 35%, what is the

firm's operating cash flow?(Enter your answer in millions

rounded to 2 decimal places.)

Gluon Inc. is considering the purchase of a new high pressure glueball. It can purchase the glueball for $170,000 and sell its old low-pressure glueball, which is fully depreciated, for $30,000. The new equipment has a 10-year useful life and will save $38,000 a year in expenses. The opportunity cost of capital is 11%, and the firm's tax rate is 40%. What is the equivalent annual savings from the purchase if Gluon uses straight-line depreciation? Assume the new machine will have no salvage value.(Do not round

intermediate calculations. Round your answer to 2 decimal places.)

Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years ago. Some of that older equipment will become unnecessary when the company goes into production of its new product. The obsolete equipment, which originally cost $37 million, has been depreciated straight-line over an assumed tax life of 5 years, but it can be sold now for $17.4 million. The firm's tax rate is 40%. What is the after-tax cash flow from the sale of the equipment?(Enter your answer in millions rounded to 1 decimal place.)