Using the parameters for that firm estimate its value if the planning period is 3 years instead of 10 years. Use 10% as the sales growth rate during years 1-5 and 3% beyond year 5. Answer on ecxel soon!

\begin{tabular}{|l|r|} \hline Firm & \multicolumn{1}{|c|}{1} \\ \hline Current sales (\$M) & 22.820 \\ \hline Disc. Rate & 10% \\ \hline Term (years) & Unlimited \\ \hline g & 0% \\ \hline & \\ \hline & \\ \hline Selling value (\$million) & 54.791 \\ \hline Assets/Sales & 1.20 \\ \hline Net_Inc/Sales & 25.00% \\ \hline Equity/Assets & 0.75 \\ \hline \end{tabular}