You invested $50,000 in a mutual fund at the beginning of the year when the NAV was $68 64. At the end of the year the fund paid $0.5 in short-term distributions and $0.69 in long term distributions If the NAV of the fund at the end of the year was $71.74, what was your return for the year? (Round your answer to 2 decimal places. Omit the "W" sign in your response.)