SOLUTION: CelebNav, Inc. had sales last year of $565,000, and the analysts are predicting a good year for the start-up, with sales growing 21 percent a year for the next three years. After t

Question 1104331: CelebNav, Inc. had sales last year of $565,000, and the analysts are predicting a good year for the start-up, with sales growing 21 percent a year for the next three years. After that, the sales should grow 13 percent per year for two years, at which time the owners are planning to sell the company. What are the projected sales for the last year before the sale?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
565000 x (1.21)� x (1.13)�=565000 x 2.2621062409=$1278090.02 projected sales for the year before the sale of the company
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