The Tipton office building has just been purchased for $6,600,000. In the next year, potential gross income (PGI) is expected to be $850,000; vacancy and collection losses 10% of PGI;$0 miscellaneous income, operating expenses 45% of effective gross income (EGI); and capital expenditures 6% of EGI. What is the implied going-in cap rate based on appraiserominal NOI? [round decimal to nearest tenth: x.x ]