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TechSavvy Industries has shown steady growth in revenue over the past three years. The company's financial data is as follows: Year 1: Revenue: $110 million,
- TechSavvy Industries has shown steady growth in revenue over the past three years. The company's financial data is as follows:
- Year 1: Revenue: $110 million, Net Income: $13 million
- Year 2: Revenue: $140 million, Net Income: $18 million
- Year 3: Revenue: $170 million, Net Income: $22 million
Calculate the compound annual growth rate (CAGR) of the company's revenue and net income over the three-year period.
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Basic Technical Mathematics
Authors: Allyn J. Washington, Richard Evans
12th Edition
0137529899, 9780137529896
