Homework Answers
Ans $ 23,153
| SALES 2 YEARS FROM NOW = | SALES IN YEAR 0 * (1 + GROWTH OF YEAR 1)* (1 + GROWTH OF YEAR 2) |
| 350000 * (1 + 5%) * (1 + 5%) | |
| 385875 | |
| PROFIT MARGIN = | 6% * SALES |
| 6% * 385875 | |
| 23153 |
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