Muller's Investigative Services has stock is trading at $75 per share. The stock is expected to have a year-end dividend of $4 per share (D₁ = $4), and it is expected to grow at some constant rate, g_L, throughout time. The stock's required rate of return is 13% (assume the market is in equilibrium with the required return equal to the expected return). What is your forecast of g_L? Do not round intermediate calculations. Round the answer to two decimal places.

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