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Describe and correct the error a student made in identifying the growth or decayfactor for...

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Describe and correct the error a student made in identifying the growth or decayfactor for the function y = 2.55(0.7)^xChoose the correct answer below and fill in the answer boxes to complete yourchoice.(Type integers or decimals.)A. The student incorrectly identified the decay factor. The rate of decay is so the decay factor isB. The student incorrectly identified the base. The base is decay factor is, so theC. The student incorrectly identified the function as exponential decay. It represents exponential growth. The rate of growth is so the growth factor isD. The student incorrectly identified the base and incorrectly identified the function as exponential decay. The base is____ So, the rate of growth is___and the growth factor is

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\table[[,\table[[PLASMA SCREENS CORPORATION],[Balance Sheets],[December 31,2024 and 2023]],2024,2023],[\table[[Assets],[Current assets:]]],[\table[[Current assets:],[Cash]],,$114,250,$128,400