Given the Term Structure below:

$1$ year $=3\mathrm{.}3\%$

$2$ years $=4\mathrm{.}9\%$

$3$ years $=5\mathrm{.}5\%$

$4$ years $=6\mathrm{.}3\%$

$5$ years $=7\mathrm{.}4\%$

Based on the expectations hypothesis, what does the market expect the $1$ year rate in $4$ years to be$?$