The stock price of Fujita Company is $$53\mathrm{.}40.$ Investors require a return of $12$ percent on similar stocks. If the company plans to pay a dividend of $$3\mathrm{.}35$ next year, what growth rate is expected for the company's stock price?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Growth rate