21) Sales Forecasting: You were asked at your new company to forecast sales for the coming year. Utilizing the Compound Average Growth Rate, you have gone out and collected the data for the prior three years (noted below). Using this data, compute the a. compound growth rate for each of the years b. forecast next years sales by using the two-year average growth rate. Year Sales

2012 2,400,000

2013 2,750,000

2014 3,500,000

2015 ?