Suppose that the dividends just paid by a broad market index equals $230.85 million. The appropriate discount rate for the market is 8.61% per annum with participants believing that dividends paid out by the market will grow by 2.2% per annum in perpetuity. Using the constant-growth formula for valuation, if the market'sdividend growth ratechanges to4.24%, the market value would increase by( )%.[Note: Your answer must be in percentage and accurate to 2 decimal places, but you may leave your answer with more than 2 decimal places.]`