Too Much Caffeine, Inc. is an all-equity firm in specialty coffee that is considering pursuing software development. The project has an initial cost of $8,250,000 is expected to generate an after-tax cash flow of $700,000 in the first year that will grow at a constant percentage rate indefinitely. The company's beta is 0.81 and the pure-play beta is 1.62. Assume the market risk premium is 9% and the risk-free rate is 3%. At what constant growth rate will the company break even? Show how you arrived at your answer.