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问题如下：

Based on Exhibit 2, the job candidate most likely using a bottom-up approach to model net sales is:

选项：

A.Candidate A B.

Candidate B

C.

Candidate C

解释：

A is correct. A bottom-up approach for developing inputs to equity valuation models begins at the level of the individual company or a unit within the company. By modeling net sales using the average annual growth rate, Candidate A is using a bottom-up approach. Both Candidate B and Candidate C are using a top-down approach, which begins at the level of the overall economy.