The following table shows total retail sales for the city of Taxylvania for the last 11 years. The city is considering implementing a 1% retail sales tax in 2016. Estimate collections from a 1% retail sales tax for each of the next 3 years (2016 - 2018). Note, the data provided in the chart is total retail sales. We are forecasting a tax that is equal to 1% of all retail sales.

Year Total Retail Sales

2005 40,826,702

2006 42,045,324

2007 43,414,770

2008 44,748,197

2009 45,960,890

2010 47,382,130

2011 48,897,359

2012 50,161,860

2013 51,728,282

2014 53,256,193

2015 54,417,181

2016 ???

2017 ???

2018 ???

What is the estimate for 2017 sales tax revenues? _______________