Your Forecast Shows $500,000 Annually in Sales for Each of the Next

Multiple Choice

Your forecast shows $500,000 annually in sales for each of the next three years.If your second and third year predictions have failed to incorporate 5 percent expected annual inflation, how far off in total dollars is your three-year forecast?

A) $25,000
B) $50,000
C) $52,550
D) $76,250