Homework Answers
Sale Next Year = Sale This Year * (1 + Growth rate)
Sale next year (Year 1) = 16,000 * (1 + 18%)
Sale next year = 18,880
Sale (Year 2) = 18,880 * (1 + 18%)
Sale (Year 2) = 22,278
Sale (Year 3) = 22,278 * (1 + 18%)
Sale (Year 3) = 26,289
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