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You expect Block Island Bike Rentals (BIBR) to have earnings per share of $15.00 in year 1 and to pay out $4.00 of these earnings

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You expect Block Island Bike Rentals (BIBR) to have earnings per share of $15.00 in year 1 and to pay out $4.00 of these earnings to shareholders in the form of a dividend. After year 1, BIBR's growth and dividend payout are expected to remain the same forever. BIBR's cost of equity capital is 14.0% and its share price is $80.00. What is BIBR's return on new investments? (express as % rounded to 1 digit after the decimal: x.x%)

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