A bank has risk-weighted assets or $450 million and the following sources of regulatory capital (in $ millions): Allowance for Loan Losses $3.3 Common Stock (Par) $1 Intermediate-Term Preferred Stock $4.11 Perpetual Preferred Stock $3.18 Subordinated Debt $3.78 Surplus $7.01 Undivided Profit $20.14 What is the bank's ratio of Tier 2 capital to risk-weighted assets? Blank 1. Calculate the answer by read surrounding text. Express in %, to the nearest 0.01%;