Carnes Cosmetics Co$.\text{'}$s stock price is $$36,$ and it recently paid a $$1\mathrm{.}00$ dividend. This dividend is expected to grow by $27\%$ for the next $3$ years, then grow forever at

a constant rate, $g$; and $r_s=11\%.$ 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.