Q3 3. Is the $23.50 purchase price a bargain? For whom? A3 Technically, Marriott has experienced tremendous growth both in Sales ('75-'79 CAGR of 18%) and Net If such growth is to continue, as evidenced by stable YoY growth between 1975 and 1979, then the curr Furthermore, the shareholders experienced a 17% return on Equity after taxes in 1979, this number wil Shareholders will benefit from such financial reengineering and will see a rise in the stock price - simila 75-'79 1975 1976 1977 1978 1979 CAGR Sales $776 $947 $1,090 $1,250 $1,510 18% Growth 22% 15% 15% 21% Net Income 24 32 39 54 71 31% Growth 33% 22% 38% 31% Return on average shareholders' equity after taxes 9.50% 10.40% 11.10% 13.90% 17.00%