Your grandmother gives you 3800 dollars for your birthday, which you invest in a mutual fund on January 1. On June 1, your fund balance is 7400 dollars, and you then deposit 1200 dollars (which you received for your high school graduation). On the following January 1, you calculate that your dollar-weighted rate of return for the year was 35.1 percent. What was your time-weighted rate of return for the year? Answer =