CelebNav, Inc. had sales last year of $750,000 and the analysts are predicting a good year for the start up, with sales growing 21 percent a year for the next 3 years. After that, the sales should grow 12 percent per year for another two years, at which time the owners are planning on selling the company. What are the projected sales for the last year before the sale? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Projected sales in year 5   $

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A: Computation of present value:Hence, the present value is $1,151.30.

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A: The future value of an investment refers to the amount of money that we will have in the future if…

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A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

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A: Days Sales Outstanding (DSO): It refers to the time taken by the company in receiving money or…

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A: The question gives the following information:

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A: Therefore, the present worth is $57,595.10.

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Q: how long will it be before sales double

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Q: You are told that if you invest $10,900 per year for 12 years (all payments made at the end of each…

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.