(The time is June 2020). Century Furniture is a privately own company in Hickory, NC. Before the Covid-19 pandemic struck, management had expected the company to generate annual net income (profit) of $2m per year over the next ten years starting one year from today (i.e., from June 2021 to June 2030). But when the pandemic struck and Americans were told to work from home, a furniture boom ensued. Management expected the company to generate additional net income of $1m.