Mitts cosmetics Co.'s stock price is $58.88, and it recently paid a $2 dividend. This dividend is expected to grow by 25 percent for the next 3 years, and then grow forever at a constant rate, g, and r=12%. At what constant rate is the stock expected to grow after year 3?

Mitts cosmetics Co.'s stock price is $58.88, and it recently paid a $2 dividend. This dividend is expected to grow by 25 percent for the next 3 years, and then grow forever at a constant rate, g, and r=12%. At what constant rate is the stock expected to grow after year 3?