(b) On December 31, 2015, the shares of ABC, Ltd., closed at K20. The company subsequently paid a year-end dividend in each of the years 2014 through 2018 as follows: 2016: K1.00 2017: K1.00 2018: K1.10 2019: K1.25 2020: K1.25 Suppose you had purchased a share of ABC stock on December 31, 2015. Find the price at which you must sell your share at 2020 year-end in order to realize an annual compounded total rate of return of 10 percent on your initial investment (before commissions and taxes). (12 marks)