Potamic Corporation's 5-year bonds yield 6.00% and 5-year T-bonds yield 4.45%. The real risk-free rate is r* = 2.25%, the inflation premium for 5-year bonds is IP = 1.80%, the liquidity premium for Potamics bonds is LP = 0.2% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t 1) 0.1%, where t = number of years to maturity. What is the default risk premium (DRP) on Potamics bonds?

a. 1.35%

b. 1.55%

c. 1.80%

d. 1.90%

e. 2.00%