The Market Price of a Firm's Stock Increased 12% Each

The market price of a firm's stock increased 12% each year for three years. If both capital gains and dividends are taxed at 15%, how much greater would your after-tax return have been if
You sold the stock at the end of three years than if the firm had instead paid out 12% a year in
Dividend income?

A) 150 basis points
B) 60 basis points
C) 67 basis points
D) The after-tax return would be the same in both cases since the tax rate is the same on both.