A company is to produce an IC and a chip size of 120mm2 has been estimated, based on using a full-custom nMOS technology on 8" wafers. The process has a 92% yield at the wafer fabrication stage and a 96% yield at assembly. The design is to take 9 months to prepare and the first devices will be ready for delivery 3 months later.The IC has a life of 4 years and it is expected that sales of 200,000 devices per year will be made. A 150% return on capital outlay is expected over the product life. Prepare a forecast of cashflow and make an estimate of the selling price for the IC.