Three years ago, you invested in the Future Investco Mutual Fund by purchasing 800 shares of the fund at a net asset value of $19.18 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 $22.92 per share. What is the compounded rate of return on this investment over the three-year period?

The compounded rate of return on this investment over the three-year period is %. (Round to two decimal places.)