Consider that you are the marketing manager of a firm. You need to have approximately 1 additional salesperson for every $10 million in sales. You currently have $50 million in sales and have 5 employees handling the sales accounts. In order to plan ahead, you want to get an idea of when you may need to hire more salespeople. Build a table that shows the sales for each of the next ten years for sales growth of 5%, 10%, 15%, and 20%.

Comment on when new sales staff should be hired for each growth rate?

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1 Growth Rate Today Year 1 Year 2 Year 3 Year 4Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 5% 10% 15% 20% $50 $50 $50 $50 $52.50 $55.00 $57.50 $60.00