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Neon Lights Company is a private company with sales of $1,250,000 a year. Managementwants to go public but has to wait until the sales reach
Neon Lights Company is a private company with sales of $1,250,000 a year. Managementwants to go public but has to wait until the sales reach $2,000,000. If sales are expected to grow 10.5 percent annually, when is the earliest that Neon Lights can go public? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to two decimal places, e.g. 5.45)
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