Please double check my answer and show work. Please adhere EXACTLY to the rounding instructions , the answer will incorrect if you do not. Thank you!

Question 24 6 pts The NuPress Valet Co. has a cost of equity of 12.6%, a pre-tax cost of debt of 6.6%, and a marginal tax rate of 37%. The common equity of NuPress currently carries a beta of 1.4, its D/E ratio is 1.14, and the expected return on the market is 10.4%. What is the current risk-free rate? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations). 4.9