Question
Provide a revenue model and revenue projections for the next 5 years for the below hypothetical product - Acoustic Privacy Device - A device that
Provide a revenue model and revenue projections for the next 5 years for the below hypothetical product -
Acoustic Privacy Device - A device that enhances acoustic privacy in open office spaces, homes, or during remote work. It uses advanced sound-blocking technology to reduce background noise and create a more focused and private workspace.
Milestones & projections Share what the key metrics above will be over the next 1224 months as well as 5-year revenue projections. Also share any major product or growth milestones (city expansions, new products, etc.).
Assume unit price of the product would be around $55. Please make sure the projections can be realistic and explain how the calculations are made
Include
| Year | Unit Sold | Unit Cost | Unit Price | Gross Revenue | Expenses | Net Profit |
| 2022 | 2023 | 2024 | |
| INCOME | |||
| Sales(unit) | 2800 | 4050 | 8000 |
| Unit Price | $120 | $125 | $135 |
| GROSS INCOME | $336,000 | $506,250 | $1,080,000 |
| EXPENSES | |||
| Marketing & Sales | $23,240 | $32,400 | $76,800 |
| Customer Service | $11,620 | $22,680 | $64,000 |
| Production | $162,680 | $217,080 | $409,600 |
| R & D | $34,860 | $51,840 | $89,600 |
| TOTAL EXPENSES | $232,400 | $324,000 | $640,000 |
| NET PROFIT | $103,600 | $182,250 | $440,000 |
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