Estimate the growth rate for the future dividends of crane

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Crane Inc. currently only returns cash to its investors in the form of dividends. It pays out 35.4% of its earnings per share. The return on new investment for Crane is 18.6%. Given this information, estimate the growth rate for the future dividends of Crane. Express your result in percent and round to two decimals (do not include the %-symbol in your answer).

Reference no: EM132671352

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