Martin owns a Truck Company where that only sells pick-up trucks. He received a marketing report that represents how the Automotive Industry is going to be doing for the next 7 years. He wants to understand how the market is growing and how much his company’s revenue will go up within the next few years. If the CAGR for the total market is suggested to rise 12.8% within the next 7 years (starting from 2021) and Martin had $9.1M in NR in 2021 and $14.6M in NR for 2022 out of the available market, how much NR can Martin expect to have by 2025?

2017	2018	2019	2020	2021	2022e	2023e	2024e	2025e	2026e	2027e	CAGR
442.8	499.5	563.4	495.8	565.2	637.8	719.2	810.1	914.1	1031.1	1162.9	12.8%

Answer rating: 100% (QA)

If the CAGR for the total market is suggested to rise 128 within the next 7 years st... View the full answer