Estimate the compound growth rates

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Reference no: EM1376327

The sales information for the Lonestar Sports Apparel Corporation for the last 12 years as follows:
1996 $400,000 2002 $617,000
1997 $440,000 2003 $654,000
1998 $480,000 2004 $700,000
1999 $518,000 2005 $756,000
2000 $554,000 2006 $824,000
2001 $587,000 2007 $906,000

a. What are the 1996-2007 compound growth rates?
b. Using the result obtained in part a, what is your 2008 projection?
c. If you were to make your own projection, what would you forecast?

Reference no: EM1376327

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