Charlie Lee has invested in stock of Izepodd Enterprise, a company that's been in business for about three years but has such a strong product line they expect to continue to offer their products and services forever. Izepodd's current dividend is $1.25 per share. The company expects to grow this dividend at the constant rate of 2.85% per year forever. What interest rate (also known as the discount rate) is consistent with a stock price for Izepodd of $25.75 per share as given by the present value of a constant growth perpetuity?

Your answer should be in percentage form and should not include a percent sign. For example an answer of two point seven six four percent should be entered as 2.764. In your analysis you should use at least four decimal places of accuracy.