Question: Sales forecast based on external data. Raspberry Phones uses external data to forecast the coming year's sales. The company has 7.8% of all new-phone sales

 Sales forecast based on external data. Raspberry Phones uses external data

Sales forecast based on external data. Raspberry Phones uses external data to forecast the coming year's sales. The company has 7.8% of all new-phone sales in the United States and 5.6% of all replacement-phone sales. Industry forecasts predict 17.3 million new-phone buyers and 31.5 million replacement-phone buyers in 2014. If the average Raspberry phone costs $85.80, what sales revenues is the company forecasting for 2014? What sales revenues is the company forecasting for 2014? $ (Round to the nearest dollar.)

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