Suppose the Markowitz family account is valued on Jan $1$st

at $$1,000,000.$

Let us assume that the account received two cash flows:

$$12,000$ on Jan $5$ th and $$60,000$ on Jan $16$ th$.$

Suppose the account value was calculated as $$1,045,000$ on

Jan $5$ th$,$ $$1,060,000$ on Jan $16$ th$,$ and $$1,200,000$ on Jan

$30$th$.$

How much is the $($Time$-$weighted Return$)$ TWR of the

Markowitz family account?

Enter your answer in the following format: $+$ or $-0\mathrm{.}1234$

Hint: The answer is between $0\mathrm{.}1095$ and $0\mathrm{.}1298$