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Premium for Financial Risk Ethier Enterprise has an unlevered beta of 1.15. Ethier is financed with 50% debt and has a levered beta of 1.45.

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Premium for Financial Risk Ethier Enterprise has an unlevered beta of 1.15. Ethier is financed with 50% debt and has a levered beta of 1.45. If the risk free rate is 4.5% and the market risk premium is 5%, how much is the additional premium that Ethier's shareholders require to be compensated for financial risk? Round your answer to two decimal places

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