What long-term growth rate for free cash flows is implicitly assumed when (1) the terminal firm value of Intercoat the end of year ten is set to equal 10 times year ten free cash flow of $339 million and (2) a discount rate of 16%is used?

Assume cash flows occur at the end of the year.Report your answer in percentage points rounded to the nearest tenth of a percentage point (e.g.,9.5).