What is the furture forecast 2003-2007 for monmouth inc at 7%. I need to forecast 5 years at 7%, so from 2003-2007 using the balance sheets and other data listed

Exhibit 1 Condensed Operating and Stockholder Information, Robertson Tool Company (millions of dollars except per-share data)

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Operations

Sales

$ 48.5

$ 49.1

$ 53.7

$ 54.8

$ 55.3

Cost of Goods

32.6

33.1

35.9

37.2

37.9

Selling, General and

Administrative Costs

10.7

11.1

11.5

11.9

12.3

Depreciation Expense

2.0

2.3

2.4

2.3

2.1

Interest Expense

.4

.7

.8

.8

.8

Income Before Taxes

2.8

1.9

3.1

2.6

2.2

Taxes

1.1

.8

1.2

1.0

.9

Net Income

$1.7

$1.1

$1.9

$1.6

$1.3

Percentage of Sales

Cost of Goods

67%

67%

67%

68%

69%

Sell, Genl, Admin.

22%

23%

21%

22%

22%

Operating Income

6.6%

5.3%

7.3%

6.2%

5.4%

Stockholder Information

Earnings Per Share

$ 2.91

$ 1.88

$ 3.25

$ 2.74

$ 2.23

Dividends Per Share

1.60

1.60

1.60

1.60

1.60

Book Value Per Share

49.40

49.68

51.33

52.47

53.10

Market Price

33-46

35-48

29-41

25-33

23-32

Price/Earnings Ratio

11-16

10-26

9-13

9-12

10-14

Shares Outstanding

584,000

584,000

584,000

584,000

584,000

Exhibit 2 Balance Sheet at December 31, 2002, Robertson Tool Company (millions of dollars)

Assets

Liabilities and Net Worth

Cash

$ 1

Accounts Payable

$ 2

Accounts Receivable

8

Other

2

Inventories

18

Current Liabilities

4

Other

1

Long-term Debt

12

Current Assets

28

Net Plant and Equipment

19

Net Worth

31

Total Assets

$ 47

Total

$ 47

Collection Period (days)

53

Debt as % Capital

28%

Days of Inventory (days)

173

Total Assets/Net Worth

1.52

Sales/Total Assets

1.18

Exhibit 4 ProFormas for Robertson Tool (millions of dollars)
	Actual			Forecasts
	2002	2003	2004	2005	2006	2007 to Infinity
Sales	$ 55.3	$ 58.6	$ 62.1	$ 65.9	$ 69.8	$ 69.8
Cost of Goods	37.9	39.8	41.6	43.5	45.4	45.4
Gross Profit	17.4	18.8	20.5	22.4	24.4	24.4
Sell & Admin	12.3	12.3	12.4	12.5	13.3	13.3
Depreciation	2.1	2.3	2.5	2.7	2.9	2.9
EBIT	3.0	4.2	5.6	7.2	8.2	8.2
Tax @ 40%	1.2	1.7	2.2	2.9	3.3	3.3
EBIAT	$ 1.8	$ 2.5	$ 3.4	$ 4.3	$ 4.9	$ 4.9
CoGS % Sales	69%	68%	67%	66%	65%	65%
Sell & Admin % Sales	22%	21%	20%	19%	19%	19%
Net Plant & Equip @
Beginning of Year		$ 19.0	$ 20.7	$ 21.7	$ 22.6	$ 23.5
Capital Expenditures		(4.0)	(3.5)	(3.6)	(3.8)	(2.9)
Depreciation Expense		2.3	2.5	2.7	2.9	2.9
Net Plant & Equip @
End of Year		$ 20.7	$ 21.7	$ 22.6	$ 23.5	$ 23.5