Question: ack to Assignment 0 Attempts Keep the Highest 0/1 8. Problem 9.16 (Nonconstant Growth) eBook Carnes Cosmetics Co.'s stock price is $47, and it recently

ack to Assignment 0 Attempts Keep the Highest 0/1 8. Problem 9.16 (Nonconstant Growth) eBook Carnes Cosmetics Co.'s stock price is $47, and it recently paid a $2.00 dividend. This dividend is expected to grow by 21% for the next 3 years, then grow forever at a constant rate, g; and t, - 13%. At what constant rate is the stock expected to grow after Year 3? Do not round intermediate calculations. Round your answer to two decimal places. Grade it Now Save & Continue Continue without saving

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