You currently have a loan outstanding on one of your investment properties. The current balance of the loan is $825,000. Current monthly payments are $75,000 per year. You expect to sell the property exactly 5 years from now at which time the remaining loan balance of $600,000 will be repaid. Your banker has indicated that you are able to refinance into a new loan with an amount of $1 million today. Based upon new annual payments of $90,000, the new loan will have a balance of $800,000 in exactly 5 years. What is the incremental cost of refinancing? Answer in percentage points to two decimal places, e.g. enter 18.888% as 18.89.