Suppose Kalani bought 150 shares in Talendula llp. 8 years ago and plans to sell it in 5 years from today. Since she bought the stock, she has collected dividends of $1.14, $2.45, and $1.97 per share. Over the next 5 years she plans to collect dividends of $2.48 and $2.27 per share. Find the annualized holding period return on her investment if she expects to sell the stock for $33.77 in 5 years.

Find the holding period return 8 years ago to 5 years in the future.