With regard to new branches, assume
1. New branches are added as follows: 10 in Year 1, 12 in Year 2, and 16 in Year 3.
2. Each new branch employs 14 individuals (four supervisors and ten tellenIclerical).
3. New branches are added evenly throughout the year. Thus, for the purpose of calculating turnover, on average, there are the new branches in Year 1 (50% 101; 16 in Year 2 110 in Year 1 plus 6 (50% 12)1; and 30 in Year 3 122 plus 8 C50% 1611.
4. Turnover is 30 percent for tellers/clerical personnel, and 20 percent for supervisors.
With regard to the main office, assume that turnover will be 10 percent per year.