Suppose XYZ Inc. will have cash flows from assets (CFFA) next year of $112 million. The discount rate is 11%. XYZ Inc. has 40 million shares outstanding, market value of debt is 8 million, and the book value of cash is $17 million. XYZ Inc.s stock is currently trading for $36 per share.

If you believe XYZ Inc.s CFFA will grow at the constant rate forever, what is the implied growth rate based on the above information?

Can you please do this in excel