Use the Dividend Discount Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $16.71 per share in one year. ELO shares are currently trading for $287.61 on the NYSE, and the expected annual rate of return for ELO shares is 10.82%. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).