Consider the following table, which gives a security analyst's expected return on two stocks in two particular scenarios for the rate of return on the market: e. What hurdle rate should be used by the management of the aggressive firm for a project with the risk characteristics of the defensive firm's stock if the two scenarios for the market return are equally likely? Also, assume a T-Bill rate of 3%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)