You are considering an investment in a mutual fund with a $\backslash (5\backslash \%\backslash )$ load, an expense ratio of $\backslash (0\mathrm{.}6\backslash \%\backslash ),$ and a $12$b$-1$ fee of $\backslash (0\mathrm{.}25\backslash \%\backslash ).$ You can invest instead in a bank CD paying $\backslash (7\backslash \%\backslash )$ interest. Assume annual compounding. If you plan to invest for eight years, what annual rate of return $($i$.$e$.$ gross ret$)$ must the fund portfolio earn for you to be better off in the fund than in the CD$?$ Express your answer in percent and round it to $2$ decimal places. For example, if your answer is $\backslash (0\mathrm{.}25456\backslash ),$ then please write down $\backslash (25\mathrm{.}46\backslash )($without the percent sign$).$