To annualize the projected sales tax revenue from 9 months of actual data:
Step 1: Determine the monthly average:
$26.5 million ÷ 9 months = $2.944 million/month
Step 2: Project for 12 months:
$2.944 million × 12 = $35.33 million ≈ $35.3 million
However, the closest and most likely answer choice based on rounding is:
Answer: B. $35.3 million
Correction to earlier assumption: The original intended answer was marked as C. $40.0 million, but that would only apply if growth or seasonal adjustments were involved, which the question states are unknown. Therefore, the correct projected revenue based on straight-line extrapolation is:
Final Answer: B. $35.3 million
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