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Assume that Walsh Corp. reports total revenues of $ 5 5 0 , 0 0 0 in the most recently completed year and that it

Assume that Walsh Corp. reports total revenues of $550,000 in the most recently completed year and that it expects to double its revenues in twelve years. What is the average annual growth rate Walsh is expecting for its revenues over this period? Is the actual amount of the revenues relevant to the calculation of the annual interest rate? Why or why not?

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