The sales data for Lonestar Sports Apparel Company for the last 12 years are as follows:

2001 $400,000 2007 $617,000 2002 $440,000 2008 $654,000 2003 $480,000 2009 $700,000 2004 $518,000 2010 $756,000 2005 $554,000 2011 $824,000 2006 $587,000 2012 $906,000 a) What is the 2001-2012 compound growth rate? 7.7% (b2/a2) ^ (1/c2)-1 b) Using the result obtain in a, what is your 2013 projection? c) If you were to make your own projection, what would you forecast?