The following table shows annual sales data for Landrover, Inc., over the ten- year 1995-2005

……………………………….Sales

Year…………………….($ Million)

1995………………………….$ 4.0

1996…………………………….4.8

1997…………………………….5.6

1998…………………………….6.4

1999…………………………….7.0

2000…………………………….7.6

2001…………………………….8.4

2002…………………………….9.2

2003…………………………….10.2

2004…………………………….11.2

2005…………………………….12.4

A. Calculate the 1995-2005 growth rate in sales using the constant rate of change model with annual compounding.

B. Calculate 5-year and 10-year sales forecasts.