The composition of the Fingroup Fund portfolio is as follows: Stock Shares 320,000 420,000 520,000 720,000 Price $ 40 45 10 15 C If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 240,000 shares of stock E at $30 per share and 240,000 shares of stock Fat $15 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.) Turnover rate %