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A company you are analyzing experienced tremendous growth over the past decade. You gather sales data from their 10-K filings and learn that 2002 revenues totaled $425 million. The 2012 Income Statement revenues show $2,389 million. a. What percentage growth did this company experience over the 10-year period? b. At what average annual growth rate (referred to as the Compound Annual Growth Rate, or CAGR), did the company's revenues grow?
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