You have been asked to review a valuation of Pritchett Chemicals AB$,$ a publicly traded chemical firm, done by a valuation appraisal service. The service used the following estimates of cash flows and discount rates ears in making their valuation:

Year

$1$

$2$

$3$

$4$

Revenues

$1059$

EBIT $(1-$t$)$

Net Cap Ex

$60$

FCFF

Terminal Value

Cost of capital

$12\mathrm{.}00\%$

$11\mathrm{.}00\%$

$10\mathrm{.}00\%$

$10\mathrm{.}00\%$

EBIT$(1-$t$)$ is $10\%$ of revenues, and Net Cap Ex and revenues are expected to grow with $20\%$ year $2-3.$

HINT: The analyst has assumed that cash flows will grow at $3\%$ in perpetuity after year $3$ and used his estimate of year $4$ cash flow to compute the terminal value.

Estimate the value of the firm, using the analyst$$s estimates of cash flows and costs of capital. What is then the return on capital in perpetuity assumed by the analysts?

Please, report your answer in a percentage form and round it up to a second decimal. Don't write $\text{'}\%\text{'}$ sign in the field