1. Your small business has 3 million dollars in sales , 2 million as COGS , 300000 as fixed expenses , 70000 as SGA . You have 3 million dollars of assets on which you claim CCA at 25% (straight line ) . Income is taxed at 35 % . (10 marks)
   1. You expect sales and COGS to grow at 20% for the next your years
   2. You expect SGA to grow at 12%
   3. You think beyond 4 years cashflow should have a growth rate of 5% per year
   4. If your discount rate is 12% what is valuation of your business