Implied growth with $D_0$

Tamara Ltd$.\text{'}$s stock is currently trading at $$59$ per share. The company recently paid a dividend

of $$1\mathrm{.}95,$ which is expected to grow at a constant rate forever. Given a required rate of return of

$8\%$ and that the stock is fairly valued, the implied growth rate is closest to

$\%$

Round your answer to two decimals