High Yield, Inc. is well know for paying very large annual dividends to its shareholders. Investors expect the firm to pay an annual dividend per share of $102.5 approximately one year from today. Investors expect the firm's annual dividends to grow at a constant rate forever. The firm's stock has a beta of 2, the risk-free rate is 5%, and market risk premium is 9%. If the current stock price is $500 per share, what is the expected growth rate of High Yield's dividends?

Answer in 3 decimal places

Please show steps and do not use excel to solve. Thank you!