Calculate the projected value of the renewal sales to be invoiced based on the following information

•A new contract was sold for $6,750 of hosting services. There are no implementation fees

•The term is 9/1/22 – 12/31/22. The renewal, beginning 1/1/23, is for a 12-month term.

•The new contract had a one-time discount of 25% (i.e. will not be applied to the renewal)

•The renewal order will include a 5% uplift charge reflecting our increased costs.