The composition of the Fingroup Fund portfolio is as follows:

Stock	Shares	Price
A	260,000	$	40
B	360,000		45
C	460,000		20
D	660,000		25

If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 220,000 shares of stock E at $50 per share and 220,000 shares of stock F at $25 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)

Turnover rate %