Company A's earnings per share is expected to be $15 every year. This company's new project is expected to yield a ROE = 5% p.a. every year and is going to be financed internally by retaining earnings every year. If the required rate of return is 4% p.a., how much should be the growth rate (g) of the earnings every year to maintain today's share price at the level of $600 per share? (1) 1%; (2) 1.5%; (3) 2%; (4) 2.5%; (5) 3%; (6) 3.5%; (7) 4%; (8) 4.5%; (9) 5%; [where growth rate = earnings retention ratio x return on equity]