Carnes Cosmetics Co$.\text{'}$s stock price is $$47,$ and it recently paid a $$1\mathrm{.}00$ dividend. This dividend is expected to grow by $16\%$ for the next $3$ years, then grow forever at a constant rate, g; and rs $=12\%.$ At what constant rate is the stock expected to grow after Year $3?$ Do not round intermediate calculations. Round your answer to two decimal places.