Ivonne has bought shares of RIO, Inc. stock for $25.00 per share. She expects a 1.00 dividend at the end of this year. After 2 years, she expects to receive a dividend of $3.28 and to sell the stock for $28.75. What is Ivonne's required rate of return?

(show woking please)

24.0%

15.2%

4.0%

11.6%