QUESTION 14 The present value of $1552.90 due in 10 year at a discount rate of 12%. O $400 $500 $600 QUESTION 15 For Questions 15-16. Shalit Corporation's 2010 sales were $12 million. Its 2005 sales were $6 million. What rate have sales been growing? 14.2% 15.9% 14.9% QUESTION 16 Someone made this statement" sales doubled in 5 years. This represents a growth of 100% in 5 years, so dividing 100% by 5, we find the growth rate to be 20% per year" is this a correct statement? No, not a valid statement. Since 20% growth rate do not take the compounding effect into consideration Yes, a valid statement. Since 20% growth rate do not take the compounding effect into consideration. Yes, a valid statement. Since 20% growth rate do take the compounding effect into consideration.