Your client purchased 500 shares of stock on January 1, 2012 for $40. The stock paid dividends of $3.00 per share in December of 2012, $3.10 per share in December of 2013, and $3.25 per share in December of 2014. At the end of December 2014 your client has you sell her full position in the stock at the market price of $50 per share. What is the annualized dollar-weighted return or IRR% of this investment?