You purchased $3,000$ shares of PT ABC. five years ago for $$60$ per share. Today ABC management is trying to decide whether to repurchase shares for $$75$ per share through a fixed$-$price tender offer or pay a $$75$ cash dividend per share. If capital gains are taxed at a $20$ percent rate, then at what rate must dividends be taxed for you to be indifferent between receiving the dividend and selling your shares back to ABC?