XMark.com is a major Internet company specializing in organic food. XMark.com is thinking of purchasing GoodGrow, another organic food Internet company. GoodGrow has current revenues of $100 million with expenses of $150 million. Current projections indicate that GoodGrow's revenues are increasing at 35 percent per year and its expenses are increasing by 10 percent per year. XMark.com understands that projections can be erroneous, however; the company must determine the number of years before GoodGrow will return a profit. 

You need to help XMark.com determine the number of years required to break even, using annual growth rates in revenue between 20 percent and 60 percent and annual expense

Answer rating: 100% (QA)

To determine the number of years required for GoodGrow to break even we need to find the point where ... View the full answer