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Carvana Inc just paid $5.09 per share. This dividend is expected to grow at 12% per year for the next 5 years and 10% per
Carvana Inc just paid $5.09 per share. This dividend is expected to grow at 12% per year for the next 5 years and 10% per year for the following four years. Analysts expect carvana's stock to be equal to $84.00 at the end of year=9. Assuming that the analyst forecasts are reasonable and that investors require a 6% annual return on the stock, what long-run growth rate is implied by the analysts' forecast of the future target price?
Enter your answer in percentage form, rounded to two digits.
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