Franklin Corporation is expected to pay a dividend of $$1\mathrm{.}25$ per share at the end of the year $($D$1=$ $$1\mathrm{.}25).$ The stock sells for $$32\mathrm{.}50$ per share, and its required rate of return is $10\mathrm{.}5\%.$ The dividend is expected to grow at some constant rate, g$,$ forever. What is the equilibrium expected growth rate?