14. Thought Problem, 1. Refer to the table below which contains year-end data to help you answer the sub-questions. (Each sub-question is worth 10 points.) 2003 2008 1993 6.27 12,851 8.522 1988 $5,902 $9,001 $6,974 $1,302 $5,671 $956 $239 $717 1998 9.556 19.907 13,954 2.666 21.287 10.965 23,645 15,316 3.799 11.517 13,439 33,506 20.800 5.264 15,536 2013 17,057 47.455 31.825 4,957 26,870 Revenue, Source 1 Revenue, Source 2 Total Costs Interest Depreciation Pretax Income Taxes Net Income Dividend Payout Ratio EBIT Operating Cash Flow Dividends Paid 7,076 2018 20,688 80,709 50,615 7,074 43,541 167 41.75 125.25 40% 40% 40 40% 40% Assume you can apply the dividend payout ratio (which is 40%) and the tax rate observed in 1988 (which is 25%) throughout. Hints: Use the grid above to write in some handy data. Also, draw a time line to help you determine the number of periods. A. What is the continuously compounded growth rate over the 30-year period from 1988 to 2018 for Total Revenue? B. What is the continuously compounded growth rate over the 30-year period from 1988 to 2018 for Dividends? C. What is the continuously compounded growth rate over the 30-year period from 1988 to 2018 for Net Income? D. What is the continuously compounded growth rate over the 30-year period from 1988 to 2018 for Operating Cash Flow? BTW, use: Operating Cash Flow = EBIT + Depreciation - Taxes Paid