Question: PLEASE SHOW WORK The table below gives a detailed forecast of the size of the market by production volume. Assume that KMS expects to capture

PLEASE SHOW WORK

PLEASE SHOW WORK The table below gives a detailed forecast of the

The table below gives a detailed forecast of the size of the market by production volume. Assume that KMS expects to capture 10.20% of the market share in 2013 and expects that percentage will increase by 0.27% per year. KMS currently has the capacity to produce a maximum of 1,100,000 units. What production capacity will KMS require each year? When will an expansion become necessary (that is, when will production volume exceed 1,100,000 units)? 2013 2014 2016 2017 2018 Year Production Volume (000 units) Market Size 0iles 11530 12,174 10,000 10,463 11,014 12,708 KMS's market share for 2013 is units. (Round to the nearest integer)

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