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Toselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Specifically, the company will set aside
Toselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Specifically, the company will set aside of total sales revenue for yearend bonuses. The sales are expected to be $ million the first year, $ million the second year, and amounts increasing by each year for the next years. At an interest rate of per year, what is the equivalent annual worth in years through of the bonus package? Round the final answer to three decimal places.
The equivalent annual worth of the bonus package is $
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