5. An analyst expects that a company’s net sales will double and the company’s net income will triple over the next five-year period starting now. Based on the analyst’s expectations, which of the following best describes the expected compound annual growth?

a. Net sales will grow 15% annually and net income will grow 25% annually.

b. Net sales will grow 20% annually and net income will grow 40% annually.

c. Net sales will grow 25% annually and net income will grow 50% annually