show work, not excel

#39 The market price of a stock is $21.65 and it just paid a dividend of $1.58. The required rate of return is 11.79%. What is the expected growth rate of the dividend? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))