Indus Motors stock has a required return of 12 percent. The stock currently trades at $70 per share. The year-end dividend, D₁, is expected to be $3.00 per share. After this payment, the dividend is expected to grow by 22 percent per year for the next four years. After t = 5, the dividend is expected to grow at a constant rate of X percent per year forever. What is the stock's expected constant growth rate after t = 5?