Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below:

Revenues	$1,000
- Cost of goods sold	550
- Depreciation	150
Operating Profit (EBIT)	300
- Interest expenses	100
Taxable Income	200
Taxes	60
Net Income	$140

You are also provided with the following information:

• The firm reported capital expenditures of $ 50 million in the most recent year and also made two acquisitions one for $125 million (using cash) and one for $75 million (using stock).

• The working capital, inclusive of cash, increased from $80 million at the beginning of the year to $105 million at the end of the year; the firms cash balance decreased by $15 million during the year and it has no short term debt.

The book value of equity was $1100 million at the beginning of the year and the book value of debt was $1000 million. Assuming that the firm maintains its return on capital and reinvestment rate from the most recent year for the next 5 years, estimate the expected growth rate.

Your answer can be a decimal or a whole number. If you input a whole number, do not input the % symbol (input 5 instead of 5%).