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Crane Inc. currently only returns cash to its investors in the form of dividends. It pays out 39% of its earnings per share. The return

Crane Inc. currently only returns cash to its investors in the form of dividends. It pays out 39% of its earnings per share. The return on new investment for Crane is 18.7%. Given this information, estimate the growth rate for the future dividends of Crane. Express your result in percent and round to two decimals (do not include the %-symbol in your answer).

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