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

The sales data for the Lonestar Sports Apparel Company for the last 12 years as follows: 1996 $400,000 2002 $617,000 1997 $440,000 2003 $654,000 1998 $480,000 2004 $700,000 1999 $518,000 2005 $756,000 2000 $554,000 2006 $824,000 2001 $587,000 2007 $906,000 a. What are the 1996-2007 compound growth rates? b. Using the result obtained in part a, what is your 2008 projection? c. If you were to make your own projection, what would you forecast?

Year Sales199619971998199920002001200220032004200520062007 $400,000.00$440,000.00$480,000.00$518,000.00$554,000.00$587,000.00$617,000.00$654,000.00$700,000.00$756,000.00…

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