Find the after$-$tax return to a corporation that buys a share of preferred stock at $$35,$ sells it at year$-$end at $$35,$ and receives a $$7$ yearend dividend. The firm is in the $21\%$ tax bracket.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Answer is complete but not entirely correct.

After$-$tax rate of return

$14\mathrm{.}00$

$\%$