A company paid dividends of $2.05, $2.20, $2.27, $2.42, and $2.60 per share during the last five years. $2.05 was paid five years ago and $2.60 was paid yesterday. Based on these dividends, what is the estimated dividend growth rate when the arithmetic average is used? Enter your answer as a decimal number (not as a percentage number) with 4 digits to the right of the decimal point in the box shown below. Your Answer: Answer