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You are a financial analyst for a skateboard manufacturer. This year you sold 30,000 skateboards and you are forecasting a 12% annual increase in unit

You are a financial analyst for a skateboard manufacturer. This year you sold 30,000 skateboards and you are forecasting a 12% annual increase in unit sales for each of the next 5 years. The total number of skateboards in CA this year was 150,000 and analysts expect that to grow at an ongoing rate of 2%/year. If all your skateboards are sold in CA, what share of the CA market will you have in five years?

a. 31.9%

b. 20%

c. 35.2%

d. 18.1%

e. 12.5%

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