Suppose that you bought 500 shares of CCC Corp. at a price of $22.25 per share. You owned this stock for 1 year, and then sold it for $27.30 per share. While you owned this stock, it paid eligible dividends of $1.85 per share. Assume you are in a 35% tax bracket for regular income. Determine your after-tax rate of return from owning this stock (i.e. calculate your total after-tax income and divide it by the amount that you originally invested).