(Common stock valuation) Abercrombie 8 Fitch's common stock pays a dividend of $2.50. It is currently selling for $34.08. If the firm's investors require a return of 11 percent on their investment from buying Abercrombie \& Fitch stock, what growth rate would Abercrombie \& Fitch have to provide the investors? The growth rate Abercrombie \& Fitch would have to provide the investors is: \%. (Round to two decimal places.)