Aouad Corporation expects to have earnings this coming year of $3 per share. Aouad plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain one-half of its earnings. It will, then, retain 20 percent of its earnings from that point onward. Any earnings that are not retained will be paid out as dividends. Financial analysts anticipate a growth rate g for the first two years, a growth rate of 12.5 percent in each of the third and fourth year, and a constant rate of 5% starting the fifth year and thereafter. The yield on U.S. treasury bonds is 3.5 percent and the market risk premium is 5 percent. Aouad's common shares are 1.3 times as sensitive to macroeconomic information as the return of the market. Aouad's stock is currently trading in the New York Stock Exchange for $60 per share. Accordingly, a consensus of financial analysts believes that this stock is overpriced by $2.425. What growth rate would you estimate for Aouad's stock for the first two years