[单选题]

Which of the following statements concerning industry analysis is least accurate?

A.The profit margin is highest for the rapid accelerating growth stage of the industry life cycle.

B.If the dividend payout ratio is 40%,the profit margin is 12%,asset turnover is 1.45 times,and asset/equity leverage factor is 2.2,the industry's projected growth rate is approximately 23%.

C.During the mature growth phase of the industry life cycle,sales growth is equal to the average growth rate of the economy.

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