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 to forecast the coming year's sales. The company has 7.8% of all new-phone sales in the United States and 5.8% of all replacement-phone sales. Industry forecasts predict 18.2 million new-phone buyers and 31.1 million replacement-phone buyers in 2014. If the average Raspberry phone costs $87.80, what sales revenues is the company forecasting for 2014?

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