In their most recent fiscal year, XYZ, Inc. had net income of $10 million and total common equity of $200 million. Also, XYZ, Inc. pays out 30% of its earnings as dividends. Using the Retention Growth Model, what is your best estimate of XYZs expected growth rate? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.