mm $01-11($algo$)$

recently learned that the company where you work is being sold for $$425,000.$ The company's income statement indicates profits of $$14,000,$ which have yet to be paid out as dividends. Assuming the company will remain a "going concern" tely and that the interest rate will remain constant at $8$ percent, at what constant rate does the owner believe that profits will

tion: Enter your response rounded to two decimal places.

rate of: $$ percent.