Question: Business has been good for Keystone Control Systems, as indicated by the four-year growth in earnings per share. The earning have grown from $1.00 to

 Business has been good for Keystone Control Systems, as indicated by

Business has been good for Keystone Control Systems, as indicated by the four-year growth in earnings per share. The earning have grown from $1.00 to $3.60 a. Determine the compound annual rate of growth in earnings (n=4). Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. b. Based on the growth rate determined in part a, project earnings for next year (E1). Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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