1. FutureTech Solutions has experienced steady growth in revenue over the past three years. The company's financial data is as follows:

• Year 1: Revenue: $180 million, Net Income: $22 million
• Year 2: Revenue: $220 million, Net Income: $28 million
• Year 3: Revenue: $260 million, Net Income: $34 million

Calculate the compound annual growth rate (CAGR) of the company's revenue and net income over the three-year period.