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Finor Traps manufactures an innovative mouse trap. Total sales expected for next year is $325,000. The company expects its sales to increase to $500,000 in

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Finor Traps manufactures an innovative mouse trap. Total sales expected for next year is $325,000. The company expects its sales to increase to $500,000 in five years (year 5). What is the expected growth rate in sales for this firm (Round to the nearest percent)? 11% 12% 6% 9%

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