You have been given the following limited information about a different bank, UWM National Bank. Please calculate the tangible capital ratio in percentage terms to the second decimal place.

Balance Sheet Category	Balance Sheet Value ($s in millions)
Total Gross Loans	$500
Total Investment Securities	$150
Total Allowance for Loan and Lease Losses	-$5
Cash and Reserves	$100
Total Assets	$750
Deposits	$550
Equity	$45
Total Intangibles	$10