Estimate Sales Revenues (L.O.2): Espera of America (EOA) is a banking organization. EOA has $40 million in commercial loans with an average interest rate of 1 1 .5 percent. The bank also has $30 million in consumer loans with an average interest rate of 15 percent. Finally, the bank owns $8 million in securities with an average rate of 9 percent. EOA estimates that next year its commercial loan portfolio will fall to $36 million, and the rate will fall to 1 1 percent. Its consumer loans will expand to $33 million with an average interest rate of 16 percent, and its government securities portfolio will increase to $9 million with an average rate of 8 percent.

Required: Prepare an estimate of Espera of America's revenues for the coming year.