Client has an account that is earning \\( 7.5 \\% / \\) year after tax. Client has a \\( 38 \\% \\) combined Federal and State effective tax rate. Assuming all earnings are taxed annually at the client's effective rate, what is the client's gross annual rate of return? (Note: Please type your answer only with numbers and decimal points, and round to the nearest hundredth of a percent - no commas, percent signf. , etc.)