I have financial statements for The Rose Corporation. Using the "percentage of sales" method, answer the accompanying questions relating to External Financing Needed.

THE ROSE CORPORATION
Income Statement ($ 000)
Sales		$ 1,000
Costs		833
Taxable income		$ 167
Taxes (21%)		35
Net income		$ 132
Dividends		$ 44
Addition to retained earnings		$ 88

THE ROSE CORPORATION
Balance Sheet ($ 000)
Cash		160	Accounts payable		300
Accounts receivable		440	Notes payable		100
Inventory		$600	Total Current Liabilities:		$400
Total Current Assets:		$ 1,200	Long-term Debt:		$800
			Owners' equity
Fixed Assets			Common stock and
Net plant and equipment		$ 1,800	paid-in surplus		$ 800
			Retained earnings		1,000
			Total		$ 1,800
Total assets		$ 3,000	Total liabilities and equity		$ 3,000

Sales at The Rose Corporation are currently projected to grow at an annual rate of 20%. Based on the accompanying financial statements and information provided, what would you forecast annual revenue to be next year?