Suppose you are a U.S. investor who is planning to invest $965,000 in Mexico. Your Mexican investment gains 11.8 percent. If the exchange rate moves from 14.0 pesos per dollar to 14.3 pesos per dollar over the period, what is your total return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Total return

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