In 2019, the United States enacted trade barriers to restrict imports from China. Use the three-step recipe for forecasting exchange rate movements to explain how you expect the price of the U. S. dollar in yuan to respond to these trade barriers. a. The price of the U. S. dollar in yuan will in response to these trade barriers enacted by the United States. b. Chinese policy makers responded by enacting tariffs against U. S. imports to China. The price of the U. S. dollar in yuan will in response to these retaliatory trade barriers enacted by China.

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.)