An investor buys 300 shares of stock selling at $88 per share using a margin of 61%. The stock pays annual dividends of $ 1.00 per share. A margin loan can be obtained at an annual interest cost of 8.9%. Determine what return on invested capital the investor will realize if the price of the stock increases to $108 within six months.

If the price of the stock increases to$108 within six months, the six-month return on this transaction is________% (Round to two decimal places.)

What is the annualized rate of return on this transaction?