3) Financial Commercial bank (FCB) securitized a package of its mortgage loans that yields 13% gross but has an expected default rate of 3.25%. They promise investors who invest in the securitized loans an annual yield of 8%. FCB pays 0.38% to a security dealer for underwriting and advisory services, pays 0.4% for a credit guarantee to CLS Guaranty Co. in case of default over the expected default rate and pays ACB Servicing LLC 0.25% for processing payments from the loans. How much residual income can FCB expect from securitizing this loan?