Assauer Inc. would like to assess the country risk of Glovanskia. Assauer has identified various political and financial risk factors, as shown below.

Political Risk Factor Assigned Rating Assigned Weight

Blockage of fund transfers 5 40%

Bureaucracy 3 60%

Financial Risk Factor Assigned Rating Assigned Weight

Interest rate 1 10%

Inflation 4 20%

Exchange rate 5 30%

Competition 4 20%

Growth 5 20%

Assauer has assigned an overall rating of 70 percent to political risk factors and of 30 percent to financial risk factors. what is the weighted country risk rating for glovanskia?