Question: 3. Project Future Values: o Use the calculated growth rates to project future values. If you expect a component to grow or shrink by a

3. Project Future Values: o Use the calculated growth rates to project future values. If you expect a component to grow or shrink by a certain percentage, apply that rate to estimate future values. o For example, if you expect retained earnings to grow by 2% next year, you would calculate: Future Retained Earnings=83,1351.02=84,797.7Future Retained Earnings=83,1351.02=84,797.7

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