Fact Sheet Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Sales Volume - Sunglassses 164 180 155 130 120 103 38 78 134 164 179 209 Sales Volume - Prescription glasses 99 109 120 132 138 121 133 154 169 186 231 226 Service Volume - No. of Clients 90 99 109 120 125 110 121 140 154 169 210 205 Selling Price - Sunglasses $ 200.00 Cost Price - Sunglasses 60.00 Selling Price - Prescription glasses $ 150.00 Cost Price - Prescription glasses un 80.00 Service Revenue $ 75.00 Number of Sale Assistants: 2 Wage Rate per Month 4,000 Number of Office Staff: 1 Wage Rate per Month 4,500 Number of Optometrists 2 Wage Rate per Month $ 6,500The marketing agency have quoted i-Optometry a monthly cost amount (see cost of project) that will need to be paid at the end of every month. In addition to this monthly amount, the marketing agency also requires a commission of 2% from the months' total sales revenue. Note that this amount is in addition to any existing marketing expenses i-Optometry had to pay in 2019. Based on the estimates provided by the marketing agency, Olivia believes more customers will come to visit the store. Olivia estimates that the increased traffic will increase the sales of sunglasses by 10%, and with more people turning up, there will be an increase in eye-tests performed by 30%. Given that most clients who get eye-tests will also buy some form of prescription glasses, prescription glasses are expected to increase 20% in terms of sales volume. The increases are based on the corresponding month in 2019. e.g. Jan 2021 increases in sales is based on Jan 2019 amounts, Feb 2021 increases in sales is based on Feb 2019 amounts etc. Given the increase in demand for optometrists, the business will need to increase the initial cost of the specialized optometry equipment by 50%. The new specialized optometry equipment will need to be purchased in April 2021 and will be paid over 12-equal monthly instalments starting in June 2021. All other non-current assets will remain the same as 2019 amounts. To finance the purchase of equipment, the business will take out a loan to cover 50% of the cost of acquiring the equipment. The loan is with a local bank and the funds will be deposited into the business bank account on 1st May 2021. The loan is on an interest only arrangement with an interest rate of 12% per annum payable on a quarterly basis. To meet the increase in demand, the business will hire 2 additional optometrists at the start of Jan 2021. The business will also need to hire 2 new sales assistants for the month of June and July 2021 to account for higher the usual volume of customers who are taking advantage of their private health insurance rollover. All other staffing costs will remain the same. All other fixed costs will remain the same as 2019 amounts. After the 1st year of the new project, in 2022 the service and sales volume is expected to increase by 10% compared to the corresponding month in 2021