A bank has risk-weighted assets or $450 million and the following sources of regulatory capital (in $ millions): Allowance for Loan Loss $3.5 Common Stock (Par) $0.98 Intermediate-Term Preferred Stock $2.81 Perpetual Preferred Stock $2.87 Subordinated Debt $3.81 Surplus $8.08 Undivided Profit $19.28 What is the bank's ratio of Tier 1 capital to risk-weighted assets? Blank 1. Calculate the answer by read surrounding text. Express in %, to the nearest 0.01%; drop the % symbol.