The composition of the Fingroup Fund portfolio is as follows:

Stock	Shares	Price
A	350,000	$	40
B	450,000		45
C	550,000		10
D	750,000		15

If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 250,000 shares of stock E at $30 per share and 250,000 shares of stock F at $15 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)

Turnover rate %