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Provide a revenue model and revenue projections for the next 5 years for the below...

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Accounting

Provide a revenue model and revenue projections for the next 5 years for the below hypothetical product -

Acoustic Privacy Device - A device that enhances acoustic privacy in open office spaces, homes, or during remote work. It uses advanced sound-blocking technology to reduce background noise and create a more focused and private workspace.

Milestones & projections Share what the key metrics above will be over the next 1224 months as well as 5-year revenue projections. Also share any major product or growth milestones (city expansions, new products, etc.).

Assume unit price of the product would be around $55. Please make sure the projections can be realistic and explain how the calculations are made

Include

Year Unit Sold Unit Cost Unit Price Gross Revenue Expenses Net Profit

2022 2023 2024
INCOME
Sales(unit) 2800 4050 8000
Unit Price $120 $125 $135
GROSS INCOME $336,000 $506,250 $1,080,000
EXPENSES
Marketing & Sales $23,240 $32,400 $76,800
Customer Service $11,620 $22,680 $64,000
Production $162,680 $217,080 $409,600
R & D $34,860 $51,840 $89,600
TOTAL EXPENSES $232,400 $324,000 $640,000
NET PROFIT $103,600 $182,250 $440,000

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