Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,300 shares of the fund at the price of $18.41 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,650 shares in this fund for $21.71 per share. If there were a 1% load on this fund, what would your rate of return be?

The compounded rate of return on this investment over the three-year period is enter your response here%. (Round to two decimal places.)