Cache Creek Manufacturing Company is expected to pay a dividend of $3.36 in the upcoming year. Dividends are expected to grow at a constant 2.5% per year. The risk free rate of return is 2% and the expected return on the market portfolio is 9%. Investors use the CAPM to compute the market capitalization rate, and the constant growth DDM to determine the value of the stock, which is $84.00. Using the constant growth DDM, the market capitalization rate is _________.