3. Gretel, a German gingerbread producing company was established in 2002. That year, the company reported $1.3 million in total revenue. In 2020, the total revenue reported was $28.15 million. The companys revenues grow exponentially following the function where A is the initial total revenue (in millions) and t is the elapsed time measured in years since the establishment of the company.

1. (15 marks) Find the growth rate k, to two decimal places.
2. (5 marks) Predict the companys total revenue for 2023.