The ABC Corporation achieved annual net profit margins of 3.5% in 2005, 3.75% in 2006, and 4.2% in 2007. Which of the following statements is incorrect?

Group of answer choices

The trend in net profits over the three-year period is positive

The annual growth rate in net profit margins is higher in the most current fiscal period than in the previous period

The annual earnings growth rate in 2006 is 6.7%

The annual earnings growth rate in 2007 is 12.0%