Based on economists' forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows: 1R1E(2r1)E(3r1)E(4r1)=0.50%=0.88%L2=0.06%=0.98%L3=0.13%=1.28%L4=0.16% The Wall Street Journal reports that the rate on three-year Treasury securities is 2.25 percent and the rate on four-year Treasury securities is 2.44 percent. The one-year interest rate expected in three years, E44r1), is 2.89 percent. According to the liquidity premium theory, what is the liquidity premium on the four-year Treasury security, L4 ? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16))