Business, 27.09.2019 03:30 miloubbb5591

Longstreet corporation's sales today are $10 million. sales are expected to grow by $1 million in each of the next 5 years, so that sales in 5 years are expected to be $15 million. what average rate of annual growth does longstreet expect over the next five years?

(a) 8.70%
(b) 8.96%
(c) 8.45%
(d) 9.23%
(e) 8.20%

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