If Melvin has $78,800.00 currently saved, wants to retire in 26 years with $981,000.00, and can save $9,490.00 annually for 26 years with his first savings contribution made in 1 year, then what annual return does he need to earn? ( Round the value to 2 decimal places and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55 )