You are running a loans business, and want to earn 10% on your money on average. You pull the credit report on one of your potential customers, Dylan Deadbeat, and find that according to this information, there is a 8.7% probability of him defaulting on the loan.

In case of default, Vinnie in your enforcement department is usually able to shake out 50 cents on the dollar owed from your customers.

What interest rate must you charge Dylan in order to expect to make your desired 10%, on average?

To make things simple, assume this is a simple 1 year loan, with repayment of principal plus interest being due at the end of the year in one lump sum.

Enter rate in percents, accurate to two decimal places.