11. Forbes magazine celebrated its 100h anniversary in September 2017. The magazine was started by the grandfather (B.C. Forbes) of the current editor-in-chief (Steve Forbes) because B.C. wanted to be his own boss. 1917 was a rough time in America as the bloody trench warfare of WWI was chewing up Europe and American troops were just beginning to be deployed to Europe in support of England and France. In an interview about the 100th anniversary issue of Forbes, Warren Buffett noted the storied history of Forbes as a chronicler of the nation's business. As part of Buffett's frequent advice not to bet against America, Buffett projected that the Dow Jones Industrial Average (DJIA) would continue to rise and be at 1,000,000 in another hundred years. The Dow Jones Industrial Average (DJIA) was 1,549 at the end of September 1917 and 22,405 at the end of September 2017. a. What was the compound annual growth rate of the DJIA from the end of September 1917 through September 2017? b. What is the compound annual growth rate for the DJIA that Warren Buffett is projecting for the next 100 years starting from the end of September 2017? c. Assume you have about 50 years of working life ahead of you. What would the DJIA be in 50 years from September 2017 if the growth rate is what you projected in (b)