Sandhill Corp had sales of $392,000 in 2017. If management expects its sales to be $476,450 in 5 years, what is the annual rate at which the companys sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.)

WHat is the annual growth rate?

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