Investors frequently seek to understand the performance of their investment portfolios. One of the simplest metrics used to assess the return of an investment is the total return. The total return can be calculated using the formula:

Total Return = (Ending Value - Beginning Value + Dividends) / Beginning Value

Consider an investor who had a portfolio worth $10,000 at the start of the year. By the end of the year, the portfolio has grown to $11,500, and the investor received $300 in dividends during the year. What is the total return of the investment for the year?