Calculating Growth Rates and Cannibalization

Calculating Growth Rates and CannibalizationOn a piece of paper, answer

the following, showing all formulas & calculations. Take a picture of your work and upload to the Week 5 Assignment Folder.1.What was the $ Growth Rate in coffee sales between 2021 and 2022?2.Assuming $ Sales in 2023 were 10% higher than 2022, what would the sales have been for 2023?3.What is the Growth Rate in coffee $ Sales from 2021 to 2023?4.If 45 of the new flavoured coffee sales in 2022 were “taken” from what otherwise would have been non-flavoured coffee sales, what would To t a l $ S a l e s i n 2 0 2 2 have been, taking into account this impact of cannibalization?