A real estate investment company just bought an office building. The company estimates that the building will generate $943,000 in net operating income annually. If the building was purchased for $4.90 million, what is the implied capitalization rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) 2.5 points \begin{tabular}{|l|l|} \hline Implied capitalization rate & % \\ \hline \end{tabular}