Planning for methodology) 1. LA Kitchens Corporation opens and operates huge kitchenware outlet stores in Canada. The idea behind the superstore concept is to model the Canadian industry after its US counterpart, whose kitchenware markets generally have large selections at lower prices. Revenues were $10 million with net profit of $500,000 last year when the first LA Kitchen Kitchenware outlet was opened. If the economy grows rapidly next year, LA Kitchens expects a sales growth of 25%. However, if the economy exhibits average growth, LA Kitchens expects a sales growth of 15%. For a slow economic growth scenario, sales are expected to grow next year at a rate of 5%. Management estimates the probability of each scenario occurring to be rapid growth (0.2), average growth (0.65) and slow growth (0.15). LA Kitchen outlets' net profit margins are also expected to vary with the level of economic activity next year. If slow growth occurs, the net profit margin is expected to be 5%. Net profit margins of 7% and 10% are expected for the average and rapid-growth scenarios respectively. A. Estimate the average sales growth rate for LA Kitchen for next year B. Estimate the dollar amount of sales expected next year under each scenario, as well as the expected value sales amount. C. Estimate the dollar amount of net profit expected next year under each scenario, as well as the expected value net profit amount