3) If the annual growth rate in Adjusted Close from the last day of 2013 to the last day of 2014 was the same as the CAGR in Adjusted Close from the end of 2008 through 2013 calculated above, what would the Adjusted Close of the stock be on the last trading day of 2014 (12/31/14), assuming no further adjustments and annual compounding? Show your answer in dollars and cents, e.g., 150.25.

The CAGR from 2008-2013 is 50.72%.

Adjusted close on 12/31/13 is$398.79

Adjusted close on 12/31/14 is $312.04

Please let me know if I need to provide more information.