Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5
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Question:
Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year.
If that growth rate were maintained, how many years would it take for Ellis' EPS to triple?
a. 10.33
b. 9.29
c. 12.75
d. 11.47
e. 14.02
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