On January 1, 2017, Simon Love's portfolio of 15 common stocks had a market value of $257,000. At the end of May 2017, Simon sold one of the stocks, which had a beginning-of-year value of $26,500, for $31,400. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $11,600 during the year. On December 31,2017, Simon's portfolio had a market value of $248,000. Find the HPR on Simon's portfolio during the year ended December 31, 2017. (Measure the amount of withdrawn funds at their beginning-of-year value.)