Environmental Designs, Inc., produces and installs energy-efficient window systems in commercial buildings. During the past ten years,
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Environmental Designs, Inc., produces and installs energy-efficient window systems in commercial buildings. During the past ten years, sales revenue has increased from $25 million to $65 million.
A. Calculate the company's growth rate in sales using the constant growth model with annual compounding.
B. Derive a five-year and a ten-year sales forecast.
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