Determine the annual budget for office utilities using the data from the past 12 months shown in Figure 9-7. Utility costs are expected to increase by 7% per year due to inflation. The company is...

Determine the annual budget for office utilities using the data from the past 12 months shown in Figure 9-7. Utility costs are expected to increase by 7% per year due to inflation. The company is planning on doubling its office space in July by expanding into some unoccupied space adjacent to its existing office space.