p6-2

Project Description:

the sales data for the lonestar sports apparel company for the last 12 years are as follows:
1996 $400,000
1997 $440,000
1998 $480,000
1999 $518,000
2000 $554,000
2001 $587,000
2002 $617,000
2003 $654,000
2004 $700,000
2005 $756,000
2006 $824,000
2007 $906,000

a) what is the 1996-2007 compound growth rate?
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 forcast?
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