Prepare a 5-year income statement based on the following assumptions:

• Revenue:

  • Year 1 - 2% of a $100M market segment

  • Years 2-5 - 20% y/o growth

• COGS:

  • Year 1 70% of revenue

  • Years 2-3 50% of revenue

  • Years 4-5 30% of revenue

• SG&A Years 1-5 25% of revenue

• R&D Years 1-5 10% of revenue

• No interest income/expense. No tax expense