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Jaden Enterprises reports gross property and equipment of $ 8 6 . 3 million in 2 0 1 7 and $ 7 3 . 1

  Jaden Enterprises reports gross property and equipment of $86.3 million in 2017 and $73.1 million in 2016. Sales revenue in 2017 was $880 million. 2017 capital expenditures were $22.0 million. Forecast 2018 capital expenditures (CAPEX) assuming sales are forecasted to grow at 5%. Explain why and show work. 
 
  

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