Question

CelebNav, Inc. had sales last year of $600,000 and the analysts are predicting a good year for the start up, with sales growing 22 percent a year for the next 3 years. After that, the sales should grow 10 percent per year for another two years, at which time the owners are planning on selling the company. What are the projected sales for the last year of the company’s operation?

Year
Increase
Sales

Present

$600,000

First
$132,000
$732,000

Second
$161,040
$893,040

Third
$196,469
$1,089,509

Fourth
$108,951
$1,198,460

Fifth
$119,846
$1,318,306




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  • CreatedJuly 26, 2013
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