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2) SoftTech Inc is a small manufacturer of entertainment software that reporte revenues of $ 25 million in the most recent financial year. You expect
2) | SoftTech Inc is a small manufacturer of entertainment software | ||||||||
that reporte revenues of $ 25 million in the most recent financial year. | |||||||||
You expect the firm to grow significantly over time and | |||||||||
capture 8% of the overall entertainment software market in 10 years. | |||||||||
The total revenues from entertainment software in the most | |||||||||
recent year amounted to $ 2 billion. | |||||||||
You expect an annual growth rate of 6% in these revenues for the next 10 years. | |||||||||
Estimate the compounded annual revenue growth rate at SoftTech for the next 10 years. | |||||||||
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