Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year. If that growth rate were maintained, how many years would it take for Ellis' EPS to triple?
A) 9.29
B) 10.33
C) 11.47
D) 12.75
E) 14.02
Correct Answer:
Verified
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