Assume Merck (MRK) just finished paying an annual dividend of $2.0 (for 2019). You look up their beta and it equals 0.39, implying it's much less risky than the market portfolio. The current risk free rate equals 2.03 %. Assume a market risk premium of 6.2 %. Merck's current stock price is $79. Assuming investors expect Merck to grow at a constant rate in perpetuity, what is that growth rate expectation? (write this number as a decimal and not as a percentage, e.g. 0.11 not 11%. Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234)