Stan and Alicia can invest $$40000$ in preffered stock A which pay a dividend of $$2000$ a year, payable quarterly. They will re$-$invest the dividends in a savings account which presently earnes $3\%$ compounded yearly. They expect the stock will reach a selling price of $$44000$ in $4$ years. Assume a regular income marginal tax rate of $43\%,$ and a dividend marginal tax rate of $17\mathrm{.}45\%,$ and a capital gains marginal tax rate of $21\mathrm{.}5\%.$ What is the after$-$tax EAR of this tock? Assume taxation is paid annually for the interests and dividends.