Savickas Petroleum's stock has a required return of $12\mathrm{.}00\%,$ and the stock sells for $$44\mathrm{.}00$ per share.

The firm just paid a dividend of $$1\mathrm{.}00,$ and the dividend is expected to grow by $30\mathrm{.}00\%$ per year for the

next four years, so D$4=$ $$1\mathrm{.}00(1\mathrm{.}30)4=$ $$2\mathrm{.}8561.$ After t $=4,$ the dividend is expected to grow at a

constant rate of X$\%$ per year forever. What is the stock's expected constant growth rate after t $=4,$ i$.$e$.,$

what is g$?$ Do not round your intermediate calculations$[$Hint: Try using the function goal seek in

Excel. Use any growth rate to set up the problem; then, the function "goal seek" will adjust the growth

rate so that the present value of the cash flows is equal to $$44\mathrm{.}00].$