Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $43.25.

At the end of year 1, you receive a dividend of $2, and buy one more share for $47.25. At the end of year 2, you receive total dividends of $4 (i.e., $2 for each share), and sell the shares for $55.25 each.

What is the time-weighted return on your investment? (Round your answer to 2 decimal places. Do not round intermediate calculations.)