2. Red Rhinos has no intention of buying back stock or issuing new shares in the future. It pays annual dividends. You expect the dividend next year to be $2.53 per share. The stock is currently trading at a price of $43.07 per share. Based on risk, its fair discount rate, E(r), is expected to be 9.8% when measured as an EAR. You expect that its ROE next year will be 7%. You also expect it to payout 35% of next years earnings in the form of dividends. Determine the expected long-term growth rate of dividends for the firm. If there is insufficient data to answer the question, then answer 99.99. Provide an answer, as a percentage, not as a decimal, with at least 4 digits of precision.