El Paso Energy paid $3.00 in dividends per share last year. The company provides electric utility services to the customers. The company has stable, non-cyclical revenue pattern and pays significant amount of net income to its shareholders in the form of dividends. The current market price of the stock is 76.00 and you estimate that the requiredrate of return for this company is 6.0%. Find the implied growth rate for the company using DDM.