You are considering two investment altematives. The first is a stock that pays quarterly dividends of $0.47 per share and is trading at $25.61 per share; you expect to sell the stock in six months for $30.66. The second is a stock that pays quarterly dividends of $0.59 per share and is trading at $28.55 per share, you expect to sell the stock in one year for $31.87. Which stock will provide the better annualized holding period return? The 1-year HPR for the first stock is \%. (Enter as a percentage and round to two decimal places.)