Asset Alpacas Co. just paid a dividend of $1.75 per share. The expected dividend growth rates for the next three years are 12%, 22%, and 17%, respectively. Following Year 4, dividends are anticipated to grow at a constant 5% annual rate forever. The stock's beta is 2, the market return is 15%, and the risk-free rate is 5%. Assume that all estimates remain constant over time and the stock is always priced at its fair value. If you purchase the stock today and sell it in Year 4 right after you receive the fourth dividend, your holding period return will be ?