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Carla Vista needs to borrow $$7$ million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five$-$year term loan from its existing commercial bank. The prime rate is $3\mathrm{.}19$ percent, and Carla Vista's current rating is prime $+2\mathrm{.}42$ percent. The yield on a five$-$year U$.$S$.$ Treasury note is $1\mathrm{.}95$ percent, and the three$-$month U$.$S$.$ Treasury bill rate is $0\mathrm{.}10$ percent. What is the estimated loan rate for the five$-$year bank loan?

Estimated loan rate is

$\%.$