A financial institution (FI) is planning to give a loan of $5,000,000 to a firm in the steel industry. It expects to charge an up-front fee of 0.12 percent and a service fee of 6 basis points. The cost of funds (and the RAROC benchmark) for the FI is 10 percent. The current market interest rate for loans in this sector is 10.2 percent. The FI has estimated the risk premium on this company to be 0.3 percent. The 99th (extreme case) loss rate for borrowers of this type has been 4 percent, and the dollar proportion of loans of this type that cannot be recaptured on default has been 85 percent. Calculate the RAROC for the loan, and enter your answer in percent (i.e., 12.5%, not 0.125)