You invested $40,000 in a mutual fund at the beginning of the year when the NAV was $36.87. At the end of the year the fund paid $0.48 in short-term distributions and $0.67 in long-term distributions. If the NAV of the fund at the end of the year was $40.21, what was your return for the year? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Return for the year %