What should be the projected sales for year 2017? Show your solution.

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter12: Corporate Valuation And Financial Planning
Section12.6: Additional Funds Needed (afn) Equation Method
Problem 5ST
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Sales is projected to increase by 10% in 2017 from the average sales in 2013-2016
consisting of P7M, P8M, P 9M and P 12M respectively. What should be the
projected sales for year 2017? Show your solution.
a. P4M b. 9M c. 9.9M d. 10M

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