Restex has a debt$-$equity ratio of $0\mathrm{.}63,$ an equity cost of capital of $14\%,$ and a debt cost of capital of $8\%.$ Restex's

corporate tax rate is $28\%,$ and its market capitalization is $$166$ million.

a$.$ If Restex's free cash flow is expected to be $$12$ million one year from now and will grow at a constant rate, what

expected future growth rate is consistent with Restex's current market value?

b$.$ Estimate the value of Restex's interest tax shield.

a$.$ If Restex's free cash flow is expected to be $$12$ million one year from now and will grow at a constant rate, what

expected future growth rate is consistent with Restex's current market value?

If Restex's free cash flow is expected to be $$12$ million in one year, the expected future growth rate is $\%.($Round to

two decimal places.$)$