$40m valuation?

Considering investing but just wondering how this is calculated?

Particularly as target is 10,000 sales, assuming av. price of $32,500 this makes sales of $325m

Projected margin 35% = Profit $114m

Assuming 20 x earnings valuation (very conservative for a tech stock) = $2.28bn

So additional question is what year is 10,000 sales targeted for?

And 35% margin is this for operating profit?

For net profit before tax what is projected margin?

Thanks for your help