Investor Palmer has a diversified portfolio consisting of equity and debt valued at $365,000 at the start of the year. During the year the portfolio returns $3,579 in dividends and $2,783 in interest income. The investor withdraws the interest income while reinvesting the dividends. At year-end the portfolio is worth $389,648. The investor's marginal tax bracket is 35%. Without compounding, what is the investor's return after taxes?
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