Projected cashflow items (in $mil) over the next five years during the projection period are as follow:
EBIT 1.7 2 2.6 2.8 3.58
Depreciation&Amortization 0.25 0.3 0.25 0.41 0.3
Tax 0.51 0.6 0.78 0.84 1.074
Net Capital Spending 0.85 0.85 1.05 1.15 1.4
Changes in Net Working Cap. -0.2 -0.3 -0.15 0.1 0.2
Assuming an Exit Multiple of 11x and WACC of 10%, calculate the implied perpetual growth rate.

a)4.83%
b) 8.83%
c) 3.83%
d) 3.00%
e) 6.83%