Required:

Find the after$-$tax return to a corporation that buys a share of preferred stock at $$54,$ sells it at year$-$end at $$54,$ and receives a $$8$ yearEnd dividend. The firm is in the $21\%$ tax bracket. $($Round your answer to $2$ decimal places.$)$

$\backslash$table$[[$After$-$tax rate of return,$]]$