CelebNav, Inc. had sales last year of $600,000 and the analysts are predicting a good year for

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?