diff --git a/bpfin/financials/financial_income.py b/bpfin/financials/financial_income.py
index ef3c8b2bb0413dd0004be3ba7540952ba16ad15d..6576bb0af53a74cf46d853c416d8c1721ab9b686 100644
--- a/bpfin/financials/financial_income.py
+++ b/bpfin/financials/financial_income.py
@@ -167,7 +167,7 @@ class Income_Statement_Next():
             if growth_rate_flag == -2.0:  # growth_rate_flag == cagr
                 growth_rate = characters['cagr']
             else:
-                growth_rate = growth_rate_flag/100  # growth_rate_flag == 0.00, 1.0, 2.0 ...
+                growth_rate = growth_rate_flag  # passed in growth_rate_flag == 0.00, 0.01, 0.02 ...
             current_revenue = last_revenue * (1 + growth_rate)
         self.revenue = current_revenue
         self.electric_opex = annual_bill_table[UTILITY_TYPE_LIST[0]][self.year]
diff --git a/bpfin/tests/test_financials/test_financial_income.py b/bpfin/tests/test_financials/test_financial_income.py
index 89b2e51acac10ca1883d893837f2ae373c8a6f48..f61f6541f821470f193f140aab4ed280346107c8 100644
--- a/bpfin/tests/test_financials/test_financial_income.py
+++ b/bpfin/tests/test_financials/test_financial_income.py
@@ -84,7 +84,7 @@ def test_Income_Statement_Table_1():
                         'proforma_duration': 6},
         )
         output_table.project(
-                growth_rate_flag = 2,
+                growth_rate_flag = 0.02,
                 annual_bill_table = annual_bill_table,
         )
         result_characters = {