You've recently learned that the company where you work is being sold for $$500,000.$ The company's income statement indicates

current profits of $$25,000,$ which have yet to be paid out as dividends. Assuming the company will remain a "going concern"

indefinitely and that the interest rate will remain constant at $9$ percent, at what constant rate does the owner believe that profits will

grow?

Instruction: Enter your response rounded to one decimal place.

Growth rate of:

percent.