Angola
Rating	B-
Country risk premium	12.84%
Standard Deviation of Long term Gov bond	27.00%
T-bills Gov (1 year $ Denominated)	12.11%
US				Beta	Debt/Equity	MV
T-bills US (1-year)	6.70%		Olive Garden	2.10	0.45	2000
T-bonds US (10 years)	5.50%		Red Lobster	1.87	0.35	1400
Default spread on B- rated countries	5.41%		Steakhouse Outback	2.15	0.38	750
US Market risk premium	5.30%		TGI	1.66	0.5	1200
US tax rate	21.00%		Apple Bees	1.30	0.24	1500
			Waffle House	1.20	0.63	3500

The information above was collected for a business in a new country. Based on the above, what is the market risk premium that you should use to calculate the cost of capital?