Given the following information, what is the maximum cap rate on the floater class in this security? (Express the percentage as a decimal, rounded to 4 decimal places. For example, 2.5813% would be entered as 0.0258.)

$15,000,000 principal allocated to floater class, $5,000,000M to inverse floater class

Based on underlying FRMs with interest rate of 5% (i.e. WAC is 5%)

Floater will receive: LIBOR+50bp

(Note: You do NOT need for me to give you a LIBOR rate to solve this problem.)