ACME Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect ACME to begin paying dividends, beginning with a dividend of $2.50 coming 3 years from today. The dividend will grow rapidly - at a rate of 25% per year - during Years 4 and 5 , but after Year 5 , growth be a constant 5% per year. If the required return on ACME is 12%, what is the capital gains yield for the first year? 5% 12% 5.5% 0% 7%