portfolio had a market value of $150,000 at the beginning of the year. At the end of the year, the portfolio was worth $165,000 before any annual taxes had been paid, and there were no contributions or withdrawals. Interest of $1,200 and dividends of $3,000 were reinvested into the portfolio. During the year, Betty had $6,000 of realized capital gains. These proceeds were again reinvested into the portfolio. If realized capital gains were taxed at 0.20, dividends are taxed at 0.31, and interest incomes are taxed at 0.37, what is the annual return after realized taxes?