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Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year. If that growth

Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year.

If that growth rate were maintained, how many years would it take for Ellis' EPS to triple?

a. 10.33

b. 9.29

c. 12.75

d. 11.47

e. 14.02

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