Monty Ltd$.$ is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were

HK $$1,476,000$ on March $1,$ HK$$984,000$ on June $1,$ and HK$$2,406,000$ on December $31.$

Monty Ltd$.$ had outstanding all year a $10\%,5-$year, HK $$3,280,000$ note payable and an $11\%,4-$year, HK $$2,870,000$ note payable.

Compute the capitalization rate used for borrowing cost capitalization purposes. $($Round answer to $2$ decimal places, e$.$g$.7\mathrm{.}58\%.)$