The Gergen Group's 7-year bonds yield 10%. The real risk-free rate is r* = 2.70%, the default risk premium for Gergen's bonds is DRP = 1.4% versus zero for T-bonds, the liquidity premium on Gergen's bonds is LP = 1.50%, 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 inflation premium (IP) on 7-year bonds? (Round your answer to 2 decimal places.)