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Savickas Petroleum's stock has a required return of 12.00%, and the stock sells for $44.00 per share. The firm just paid a dividend of $1.00,

Savickas Petroleum's stock has a required return of 12.00%, and the stock sells for $44.00 per share. The firm just paid a dividend of $1.00, and the dividend is expected to grow by 30.00% per year for the next four years, so D4 = $1.00(1.30)4 = $2.8561. 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 $44.00].

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