Three years ago, you invested in the Future Investco Mutual Fund by purchasing 1,000 shares of the fund at the price of $19.59 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,050 shares in this fund for $23.18 per share. if there were a 1% load on this fund, what would your rate of return be? The compounded rate of return on this investment over the three-year period is %. (Round to two decimal places.)