Sundial Resorts' new Chief Marketing Officer has pledged to increase sales from its current level of $1.25 million at a rate of 5% per year until the firm hits sales of $2.75 million. How long will it take to hit the target goal at this rate of increase? A. Between 14 and 15 years. B. A little less than 16 years. C. A little more than 16 years. D. Between 11 and 12 years