The following is your company's capital structure & other financial information:

Long-term debt: $400,000 @ 15% interest rate (before tax)

Equity: $600,000

Tax Rate: 40%

Beta of the Co. 1.5

The current yield rate of the 10-year Treasury Bond is 5%

Normal Risk Premium is 10%

48. What is the minimum growth rate this company needs to achieve to satisfy the Shareholders Expectation on their expectation? Please do not put "%" in your answer. Just put the number (for example, 10 for 10%)