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Growth rate: Trojan Traps manufactures an innovative mouse trap. The total sales for the current year is $325,000. The company expects its sales to go

Growth rate: Trojan Traps manufactures an innovative mouse trap. The total sales for the current year is $325,000. The company expects its sales to go up to $500,000 in five years. What is the expected growth rate in sales for this firm? (Round to the nearest percent.)

Which of the following is it?

12% 11% 9% 6%

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