Kahn Inc. has a target capital structure of 65 th common equity and 35% debt to fund its 512 tidton in operating assets. Tuithermore, Kalin inc has a WhCC. of 16%, a before tax cost of debt of 11%, and a tax rate of 25%. The company's retoined eamangs are adequate to provide the common equity portion of its capital buduef. Its. expected dividend nevt year (D1) is 53, and the current stock pnce is $35. 30. What is the company's expected growth rate? Do not round intermediate calculations. Round your answer to trio decimal places. Round your answer to two decinal places, (Hant: Refer to Equation below.) Growth rate = (1 - Payout ratio)ROE