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Projected sales for the last year before the sale

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Reference no: EM131670122

CelebNav, Inc. had sales last year of $555,000, and the analysts are predicting a good year for the start-up, with sales growing 25 percent a year for the next three years. After that, the sales should grow 8 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? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Reference no: EM131670122

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