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Allied Tech Company, Inc. is a leading manufacturer of robotics, and the company owns several cutting-edge patents on artificial intelligence. Mr. Jenkins, the CEO of

Allied Tech Company, Inc. is a leading manufacturer of robotics, and the company owns several cutting-edge patents on artificial intelligence. Mr. Jenkins, the CEO of Allied Tech said he believed the long-term growth (aka, terminal growth) rate of his company is 28%. The rationale behind his statement is his belief in the long-term growth prospects for artificial intelligence and robotics. Is the 28% long-term growth rate reasonable given his firms potential prospects? Why or why not? If you believe there is not enough information to answer the question, please explain why you think there is not enough information.

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