The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 370,000 $ 35 B 470,000 40 C 570,000 10 D 770,000 15 Required: If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 210,000 shares of stock E at $40 per share and 210,000 shares of stock F at $15 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)