You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.25 per share and is trading at $26.17 per share; you expect to sell the stock in six months for $29.33. The second is a stock that pays quarterly dividends of $0.69 per share and is trading at $34.53 per share; you expect to sell the stock in one year for $38.39. 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.)