Answer:
$936.33 Million
Explanation:
Current sales = $525 millions
Growth rate = 7.5%
Number of years = 10 years
Sales after 8 year = Current sales x [tex](1+g)^{n}[/tex]
Sales after 8 year = $ 525 million x [tex](1+7.5/100)^{8}[/tex]
Sales after 8 year = $ 525 million x [tex](1+0.075)^{8}[/tex]
Sales after 8 year = $ 525 million x [tex](1.075)^{8}[/tex]
Sales after 8 year = $ 525 million x 1.783477826
Sales after 8 year = $ 936.33 million
