On January 1, 2017, Simon Love's portfolio of 15 common stocks had a market value of $251,000. At the end of May 2017, Simon sold one of the stocks, which had a beginning-of-year value of $26,300, for $31,900. 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 $12,100 during the year. On December 31, 2017, Simon's portfolio had a market value of $247,000. 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 (Measure the amount of withdrawn funds at their beginning-of-year value.)

Simon's portfolio HPR during the year ended December 31, 2017, is ____ round to two decimal places