You are about to make a $100,000 3-year interest-only mortgage loan @ 4\% with annual payments and anticipate a default hazard of 6% and loss severity of 20%. Your intern has indicated there are essentially 4 types of borrowers and indicated the bank should anticipated receiving the below annual cash flows from a pool of borrowers. Based on the below cash flows, what is your anticipated yield or internal rate of return of making these loans? Please indicate your answer as a percent with two digits right of the decimal (i.e., 0.0736 should be indicated by 7.36). (HINT: Follow the steps from lecture in how to calculate IRR from uneven cash flows, or use Excel)