You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.28 per share and is trading at $21.23 per share; you expect to sell the stock in six months for $25.22. The second is a stock that pays quarterly dividends of $0.61 per share and is trading at $34.92 per share; you expect to sell the stock in one year for $38.44. Which stock will provide the better annualized holding period retur? The 1-year HPR for the first stock is %, (Enter as a percentage and round to two decimal places.)