Question 8 (3 points) You are valuing the operating assets of Bloom Inc. based on the following assumptions: During the high growth period of n years, the firm has a ROIC of 15% and a NOPAT growth rate of 8%. In the stable growth period, the firm has a RONIC of x% and a constant growth rate of 2%. The WACC is 10% and tax rate is 25%. EBIT in Year 0 was $100 million. Based on the above, you have valued the operating assets at $928.637 million (the Total Value). The PV of the terminal value accounts for 75.468% of the Total Value.

What is the RONIC x% for the stable growth period? (1.5 points)