A mutual fund has $56 million in assets, $4 million in debt, and 235 million shares outstanding at the beginning of the year. During the year, investors received a distribution of $0.08 per share. At the end of the year, the fund is left with $48 million in assets, the same amount of debt, and the same number of shares outstanding. What is the rate return of the fund? {Give your answer as a percentage with 2 decimals, e.g., if the answer is 0.0345224 (or 3.45224%). enter 3.45 as your answer.)