Suppose you have calculated the average monthly returns of the Fama-French-Carhart (FFC) portfolios over a long period. You have also estimated the factor betas for Motorola (MOT) stock using monthly return data. All figures are provided in the Table below.

Factor Portfolios	Average monthly returns of factor portfolios	Factor betas of MOT
RMkt rf	0.66%	0.490
SMB	0.20%	-0.525
HML	0.36%	0.071
PR1YR	0.66%	-0.192

Assume that the annual risk-free interest rate is equal to 2%. The annual expected premium of Motorola (MOT) according to the FFC model is closest to:

a		4.15%
b		3.00%
c		7.23%
d		6.14%