Metrobank offers one-year loans with a 12 percent stated rate, charges a 1/4 percent loan origination fee, imposes a 8 percent compensating balance requirement, and must pay a 5 percent reserve requirement to the Federal Reserve. What is the return to the bank on these loans? (Do not round Intermediate calculations. Round your answer to 1 decimal place. (e.g. 32.1)) Rate of return