Analysts forecast Knoll Inc to pay dividends of $1.23, $1.33, $1.40 and $1.50 per share in year 1, year 2, year 3, and year 4. Assume a cost of equity capital of 12%, that the cost of debt is 8%, and a weighted average cost of capital of 10%. Calculate the markets expectation of the growth in dividends if the market price is $45 per share. In other words, what is the markets expected growth from year 4 dividends? Answer in a percentage.