Problem $4-14($Algo$)$

The composition of the Fingroup Fund portfolio is as follows:

Required:

If during the year the portfolio manager sells all of the holdings of stock D and

replaces it with $250,000$ shares of stock $E$ at $$50$ per share and $250,000$

shares of stock $F$ at $$24$ per share, what is the portfolio turnover rate?

Note: Round your answer to $2$ decimal places.