Undying Life Insurance Company offers an investment policy that will pay you and your heirs $$50,000$ per year forever. Suppose the company told you the policy costs $$786,943.$ At what interest rate would this be a fair deal? $($Do not include the percent sign $(\%).$ Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$