The CEO of a high-tech incubator company wants to entice venture capitalists by promising a growth rate
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The CEO of a high-tech incubator company wants to entice venture capitalists by promising a growth rate of 40% per year for at least 3 years. Therefore, the company’s MARR was set at 40%. If the company did get a 40% ROR over that time period, but it didn’t account for the 8% per year inflation rate that occurred during that time, what was the real growth rate of the company?
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Related Book For 
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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