Number of loans	Principal	Rate	Maturity
50	100,000	4%	360
100	250,000	4.25%	180
50	300,000	5%	360

Consider a MPT created from the above pool of loans. If these loans are all fully amortizing FRMs, what is the WAC? Assume the loans are not seasoned before they are securitized. Do not round your answer until the end; then round your answer to 2 decimal places. (For example if the WAC was seven and a half percent, enter 7.50)