Answer:
A.$1,403.8 million
Step-by-step explanation:
The computation of the 2021 forecasts sales would be
Sales for 2017 = $1,200 million
Sales for 2018 would be
= $1,200 + $1,200 × 4%
= $1,200 + 48
= $1,248 million
Sales for 2019 would be
= $1,248 + $1,248 × 4%
= $1,248 + 49.92
= 1,297.92 million
Sales for 2020 would be
= $1,297.92 + $1,297.92 × 4%
= $1,297.92 + $51.9168
= $1,349.8368 million
Sales for 2021 would be
= $1,349.8368 + $1,349.8368 × 4%
= $1,349.8368 + 53.99344
= 1,403.83 million