Verispace Software sells inventory management software and reported revenues of $25 million in the most recent financial year. You estimate that the total market for inventory management software to be $25 billion, growing at 5% a year for the foreseeable future. If you expect Verispace to have 10% market share of this market in 10 years, estimate the compounded revenue growth rate over that period.

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Current Total market revenue for inventory management software 25 billion 25 x 1000 million 25000 mi... View the full answer