You are planning to invest in a mutual fund that has a net asset value (NAV) of $15. The fund has a sales charge of 2.5%, and its expense ratio is 1.5%. The fund's manager is charging a performance fee of 20% of the fund's returns above the benchmark return. The benchmark return is 10% per year.

If you invest $10,000 in the fund, what is the minimum annual return that the fund must achieve for you to break even after one year, taking into account all the fees and expenses?