Use the Dividend Growth Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $$14\mathrm{.}11$ per share in one year. ELO shares are currently trading for $$103\mathrm{.}14$ on the NYSE, and the expected annual rate of return for ELO shares is $18\mathrm{.}58\%.$ Answer as a $\%$ to $2$ decimal places $($e$.$g$.,12\mathrm{.}34\%$ as $12\mathrm{.}34).$

Answer: