The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 35 B 300,000 40 C 400,000 20 D 600,000 25 If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.) Turnover rate