The composition of the Fingroup Fund portfolio is as follows:

Stock	Shares	Price
A	310,000	$35
B	410,000	40
C	510,000	15
D	710,000	20

If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $40 per share and 200,000 shares of stock F at $31 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)