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Pixels Inc. reported Earnings of $1,200 million in fiscal year 2021. The U.S. Gross Domestic Product is estimated to grow by 3% over the next
Pixels Inc. reported Earnings of $1,200 million in fiscal year 2021. The U.S. Gross Domestic Product is estimated to grow by 3% over the next 3 years and management has issued earnings guidance suggesting that Earnings will grow at a rate that is 1% higher than GDP. If you anticipate that Earnings will grow by 4% each year for the foreseeable future, what will forecasted Earnings be in three years (i.e., for fiscal year 2024)
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