Consider the following project's after-tax cash flow and the expected annual general inflation rate during the project period. End of Year Expected Cash Flow General Inflation 0 23 (in Actual $) -$47,000 $37,000 $37,000 $37,000 45 Rate 3.8% 888 4.6 5.8 (a) Determine the average annual general inflation rate over the project period. The average annual general inflation rate is %. (Round to two decimal places.)