In 2009, Internationale Outstanding University (IOU) had an enrollment of 25,992 undergraduates, each of whom paid $6,198 per year in tuition. In 2010, enrollment was 27,670 students, and tuition was raised 3.1%. In 2011, IOU received $186.8M in revenue from student tuition, and enrollment was 26,871 students. In 2012, it is estimated that tuition will be $6,937 and IOU needs to receive 5.0% more total revenue from tuition than in 2011.

What will be the compounded annualized growth rate (CAGR) of tuition for 2009 to 2012?