(Common stock valuation) Abercrombie \& Fitch's common stock pays a dividend of $2.00. It is currently selling for $32.64. If the firm's investors require a return of 8 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.)