Bon Vivant Bakeries has been a public company for a number of years $$ it is a very stable

business with net margin, total asset turn, and equity multiplier that vary very little from year to year. On

average the company earned a return on shareholders$$ equity of $20\mathrm{.}0\%$ during that time, and reinvested $25\%$

of profits earned back into the business. How fast would you estimate the company has grown each year

over this time?