Pharoah Company is a private company with sales of $1,400,000 a year. Management wants to take the company public but has to wait until the sales reach $2,000,000. If sales are expected to grow 12 percent annually, when is the earliest that Pharoah will go public? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 1 decimal place, c.8. 5.4.)