You Invest $$3000$ by buying $100$ shares of Driss Inc at a price of $$30$ per share. One year from now, Driss pays you a dividend of $40$ cents per

share. One year later $($i$.$e$.$ two years from now$),$ you get another dividend of $40$ cents per share and you immediately sell your shares for $$32$

each. What return $($IRR$)$ did you get on your investment?

$($Do not round intermediate calculations. Report your result as a percentage. Round the final answers to $2$ decimal places. Be careful $-$ Excel's

default is to report whole precentage points. Omit the $\%$ sign in your response. For example, if your answer is $3\mathrm{.}21\%,$ just enter $3\mathrm{.}21)$

Numeric Response