Answer:
Check the following calculations
Explanation:
1934 Sales = 243000 ; 1936 = 1000000
1936 sales = 1934 sales* ( 1 + Growth Rate) ^ N
1000000 = 243000 * ( 1 + R) ^ 2
(1+ R) ^2 = 4.115
(1+ R) = 2.03
R = 2.03 - 1 = 1.03 = 103%
Similarly for 1936 - 1939 period
1939 period sales = 1936 period sales * ( 1 + growth rate) ^ N
4.5 = 1.00 * ( 1 + R) ^3
( 1 + R)^3 = 4.5
(1+R) = 1.651
R = 65.1%
From 1934 - 1939 period
4500000 = 243000 * ( 1 + R) ^ 5
( 1 + R) ^ 5 = 18.519
( 1 + R) = 1.7927
R = 79.28%
Sales in 1939 = 4.5 Million ; CAGR = 79.28% , we need to calculate sales in 1945 which is 6 years from 1939
Sales 1945 = 4.5 Million * ( 1 + CAGR) ^ 6
Sales 1945 = 4.5 * ( 1 + 0.7928) ^ 6 = 149.42 Million Cases
Sales as on 2011 = 26.7 Billion
Contribution from Eastern Europe = 20% * 26.7 = 5.34 Billion
Sales in 2053 = Sales in 2011 * ( 1 + Growth rate) ^ 42
Sales 2053 = 5.34 * ( 1 + 0.1026) ^ 42 = 322.92 Billion Cases