Woof Inc, just distributed $0.7 dividend. The expected dividend growth will be 5% per year for 10 years. The growth rate will then change after the initial 10 years. The current stock price is 850 the required return is 10%. What is the implied growth rate after the initial 10 years? 8.92 percent 7.46 percent 9.05 percent 11.08 percent 2.54 percent