Question: Earnings for Deft Company are as follows: Year Earnings 1 9 9 9 2 , 2 3 0 , 0 0 0 2 0 0

Earnings for Deft Company are as follows:
Year Earnings
19992,230,000
20002,240,000
20011,245,000
20021,230,000
20031,230,000
If the capitalization rate is 16%, the trend for the earnings in the future is:
a. Slightly down
b. Stagnant
c. Slightly up
d. Increased by 16%
e. None of the above

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