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3.2 As the lead analyst fer FSA, you understand the regulated utilities ind ustryr welt. Frem 1thlur research, industry gmwth is +10% per annurn. Given

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3.2 As the lead analyst fer FSA, you understand the regulated utilities ind ustryr welt. Frem 1thlur research, industry gmwth is +10% per annurn. Given FSA's sustainable growth rate calculated in 3.1 above, ccrnment an whether your think FSA is reinvesting eneugh capital item annual eamings tc 'keep up' with industry:r grewth

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