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Crane Technologies, Inc., an Indian technology company, reported net income of $420,000,000 this year. Analysts expect the companys earnings to be $1,400,000,000 in five years.
Crane Technologies, Inc., an Indian technology company, reported net income of $420,000,000 this year. Analysts expect the companys earnings to be $1,400,000,000 in five years. What is the expected annual growth rate in the companys earnings? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.)
Expected earnings annual growth rate | ______% |
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