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pter 9 Homework i Saved Help Save & Ex Che Quick Computing currently sells 9 million computer chips each year at a price of $11 per chip. It is about to introduce a new chip, and it forecasts annual sales of 27 million of these improved chips at a price of $14 each. However, demand for the old chip will decrease, and sales of the old chip are expected to fall to 2 million per year. The old chips cost $6 each to manufacture, and the new ones will cost $10 each. What is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (Enter your its answer in millions.) Skipped Cash flow million eBook Hint Print Next > of 15 W Mic L ype here to searchSaved Help Save & 2 Ch Tubby Toys estimates that its new line of rubber ducks will generate sales of $7.40 million, operating costs of $4.40 million, and a depreciation expense of $1.40 million. If the tax rate is 40%, what is the firm's operating cash flow? (Do not round your intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) 1 points Firm's operating cash flow million Skipped eBook Print Next > Prey of 15 Mc GraW Hill O Type here to searchHelp Save & Exit 3 Check my The owner of a bicycle repair shop forecasts revenues of $224,000 a year. Variable costs will be $66,000, and rental costs for the shop are $46,000 a year. Depreciation on the repair tools will be $26,000. points a. Prepare an income statement for the shop based on these estimates. The tax rate is 20%. INCOME STATEMENT eBook Revenue $ 224,000 Depreciation Print 26,000 Pretax profit 86,000 Rental costs 46,000 Variable costs 66,000 Taxes 17,200 48,800 9:26 Me Graw 11/21 Hill O Type here to search