surcharge.

Required: $$

a$.$ What is the investor's expected after$-$tax internal rate of return on equity invested $($ATIRR$)?$

b$.$ What is the effective tax rate and before$-$tax equivalent yield?

Complete this question by entering your answers in the tabs below.

Required D

What is the investor's expected after$-$tax internal rate of return on equity invested $($ATIRR$)?$

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.