Mr. James K. Silber, an avid international investor, just sold shares of Nestl, a Swiss firm, for CHF6,455. The shares were bought for CHF4,856 a year ago. The USD/CHF rate is 1.023 now and was 0.997 a year ago. Mr. Silber received CHF180 as a cash dividend immediately before the shares were sold.

Suppose that Mr. Silber sold CHF4,856, his principal investment amount, forward at the forward exchange rate of 1.046.

Compute the total return on this investment in terms of U.S. dollars. (X.XX%) (including the gain/loss from the hedge)