Contemporary Engineering Economics 6th Edition by Chan Park

Exercise 52

Warren Buffett's Berkshire Hathaway Company went public in 1965. The public offering price was $18 per share. The stock was trading at $190,500 on July 1, 2014, and the market value of the firm was $304.8 billion.
(a) What is the firm's average annual compound growth rate over last 49 years
(b) If Mr. Buffett's company continues to grow at the historical growth rate, what will be his company's total market value when he reaches the age of 100 (Buffett celebrated his 83th birthday in 2014.)