The composition of the Tandon Fund portfolio is as follows: Stock B D Shares 400,000 500,000 600,000 800,000 Price $ 35 40 20 25 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 $50 per share and 250,000 shares of stock Fat $30 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.) Turnover rate