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Martin owns a Truck Company where they only sell pick-up trucks. He received a marketing report that represents how the Automotive Industry is going to

Martin owns a Truck Company where they only sell pick-up trucks. He received a marketing report that represents how the Automotive Industry is going to be doing for the next 7 years. He wants to understand how the market is growing and how much his companys revenue will go up within the next few years. If the CAGR for the total market is suggested to rise 12.8% within the next 7 years (starting from 2021) and Martin had $9.1M in NR in 2021 and $14.6M in NR for 2022 out of the available market, how much NR can Martin expect to have by 2025?

2017

2018

2019

2020

2021

2022e

2023e

2024e

2025e

2026e

2027e

CAGR

442.8

499.5

563.4

495.8

565.2

637.8

719.2

810.1

914.1

1031.1

1162.9

12.8%

** Revenue is represented in $Millions **

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