You make a $1,000 investment in a mutual fund whose NAV is $25. The fund has a 2 percent front-end load and during the holding period, $500 of fund distributions are reinvested at a NAV of $25 (no load applied to reinvestment). The fund is ultimately sold at a NAV of $27. Required (show all calculations): Compute the percentage return on this investment over the holding period. Round your answer to the nearest tenth of a percent