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1. PeopleMeet is a small software company that reported an operating loss of $1 million on revenues of $10 million in the most recent year.

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1. PeopleMeet is a small software company that reported an operating loss of $1 million on revenues of $10 million in the most recent year. If you expect revenues to grow (compounded average growth rate) at 20% a year for the next five years and the operating margin to improve to 10% by year 5, what will the company earn as operating Income in year 5? Select one: O a.-$2.49 million b. $2 million c. $1 million d. 52.49 million

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