Analysts expect Jocorp Industries to make payouts of $6.675 billion at the end of this year. Assume that all payouts occur annually at the end of the year and that we are at the beginning of the year. Analysts forecast that Jocorp's payouts will grow at a constant rate in perpetuity. Jocorp stockholders require a return of 11%. Jocorp has 2.44 billion shares outstanding and its shares are currently trading for $34.20. What growth rate has the market priced into Jocorp's share price?