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A company reported net income in 2012 of $232.9 million. In 2016, the company expects net income to be $439.5 million. Estimate the annual compound

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A company reported net income in 2012 of $232.9 million. In 2016, the company expects net income to be $439.5 million. Estimate the annual compound growth rate of net income. The annual compound growth rate of net income is %. (Round to two decimal places.)

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