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9 . Go to the Estimated Earnings worksheet. Hwan has entered most of the income and expense data on the worksheet. He estimates sales will

9. Go to the Estimated Earnings worksheet. Hwan has entered most of the income and expense data on the worksheet. He estimates sales will be $825,000 in Year 1 and $1,800,000 in Year 5. He needs to calculate the sales amounts for Years 24. The sales should increase at a constant amount from year to year.
Project the sales amounts for Years 24(cells D9:F9) using a Linear Trend interpolation.
10. Hwan also needs to calculate some expense amounts. He knows the starting amount of the miscellaneous expense and has estimated the amount in Year 5. He thinks this expense will increase by a constant percentage.
Project the miscellaneous expenses for Years 24(cells D17:F17) using a Growth Trend interpolation.
11. Hwan also knows the rent will be $45,000 in Year 1 and will increase by at least 4 percent per year.
Project the rent expenses as follows:
a. Project the expenses for rent for Years 25(cells D19:G19) using a Growth Trend extrapolation.
b. Use 1.04(a 4 percent increase) as the step value.

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