A corporation is planning to sell its 90-day commercial paper to investors offering, but it is not sure what yield to offer. If the three-month T-bill's annualized rate is 0.03, the default risk premium is estimated to be 0.004, the liquidity premium is 0.002 and there is a 0.006 tax adjustment, what is the appropriate yield to be offered on the commercial paper? Enter the answer as a decimal using 4 decimals (e.g. 0.1234).