TFL is expected to pay a dividend of 1.40 per share at the end of this year (year 1) and a 1.50 per share at the end of the second year. You expect its stock price to be 25 at the end of two years. TFLs equity cost of capital is 10%. Suppose you plan on purchasing TFL stock in one year, just before the 1.40 dividend is paid. You then plan on selling your stock at the end of year two, right after the 1.50 dividend is paid. The total return that you will receive on your investment is closest to

a. 9.45% b. 10.00% c. 11.38% d. None of the above