Neon Lights Company is a private company with sales of $1.3 million a year. Management wants to

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Neon Lights Company is a private company with sales of $1.3 million a year. Management wants to go public but has to wait until the sales reach $2 million. If sales are expected to grow 12 percent annually, when is the earliest that Neon Lights can go public?


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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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