a$.,$ Inc, a high$-$tech company in San Diego, whose stock trades on the NYSE exchange, uses a MARR of $29\%$ per year. If the chief financial officer $($CFO$)$ said the company expects to make a real rate of retum of $23\mathrm{.}4\%$ per year on its investments over the next $7$ ye ar period, what is the company expecting the annual inflation rate to be over that time period?

The company is expecting the annual inflation rate to be $\%$ per year.