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Shack Diesel Company has stock trading today at $41.81 per share. The company just paid a $2.41 per share dividend. Kenny Smith, an analyst, believes

Shack Diesel Company has stock trading today at $41.81 per share. The company just paid a $2.41 per share dividend. Kenny Smith, an analyst, believes investors should seek a 12.00% return to hold the stock. If we value Shack Diesel using the constant growth model, what dividend growth rate would justify these assumptions? Round to 2 decimal places

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