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Blossom, Inc., had sales last year of $675,000, and the analysts are predicting strong future performance for the start-

Posted: Sun Apr 17, 2022 6:26 pm
by answerhappygod
Blossom, Inc., had sales last year of $675,000, and the analysts
are predicting strong future performance for the start-up, with
sales growing 22 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? (If you
solve this problem with algebra round intermediate calculations to
6 decimal places, in all cases round your final answer to the
nearest penny.)
Projected sales in fifth year $______________