You bought one hundred shares of ABC stock for $30.00 per share using 70% margin. ABC currently pays $2.00 annual cash dividends. The interest on the margin loan is nine percent per year. Assume you hold the stock for one year. Ignoring commissions, what is your annualized rate of return on invested capital if you sell the stock for thirty-four dollars per share?

Group of answer choices

A. 21.7%

B. None of the given answers is correct

C. 16.2%

D. 29.1%

E. 24.1%