Carnes Cosmetics Co.'s stock price is $55, and it recently paid a $1.00 dividend. This dividend is expected to grow by 16% for the next 3 years, then grow forever at a constant rate, g; and r_s = 13%. 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.

___% (11.25 % is not the right answer).