The book value of an asset is the historical cost of the asset less the accumulated depreciation. True False Question 11 ( 20 Points Petry Corp. is a growing company with sales of $1.25 million this year. The firm expects to grow at an annual rate of 25 percent for the next three years, followed by a growth of 20 percent per year for the next two years. What will be Petry's sales at the end of five years? (Round to the nearest percent.) @ $3,515,625 6 2,160,000 S1875,000 D $2,929,685