Suppose XYZ Inc. will have cash flows from assets $($CFFA$)$ next year of $$102$ million. The discount rate is $11\%.$ XYZ Inc. has $40$ million

shares outstanding, book value of debt is $10$ million, and the book value of cash is $$19$ million. XYZ Inc.$\text{'}$s stock is currently trading for $$34$

per share.

If you believe XYZ Inc.$\text{'}$s CFFA will grow at the constant rate forever, what is the implied growth rate based on the above

information?