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eBook Carnes Cosmetics Co.'s stock price is $36, and it recently paid a $2.00 dividend. This dividend is expected to grow by 15% for

eBook Carnes Cosmetics Co.'s stock price is $36, and it recently paid a $2.00 dividend. This dividend is expected to grow by 15% for the 14%. At what constant rate is the stock expected to grow after Year next 3 years, then grow forever at a constant rate, g; and rs = 3? Do not round intermediate calculations. Round your answer to two decimal places. %

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