You invested in a hedge fund that had $450 million in assets at the end of year 1. This fund has an 8% pref (i.e., preferred rate). In year 2 the assets declined to $415 million with no deposits or withdrawals. What return percentage would this fund need to achieve in Year 3 in order to just attain the high water base (i.e., reach breakeven)? State your answer as a percentage, not in decimal form (i.e., 13.21, not .1321). Use two decimal places of accuracy.