please make final answer clear, thank you.

An Fl wants to evaluate the credit risk of a $5 million loan with a duration of 4.24 years to a AAA borrower. There are currently 500 publicly traded bonds in that class (i.e., bonds issued by firms with a AAA rating). The current average level of rates (R) on AAA bonds is 8 percent. The largest increase in credit risk premiums on AAA loans, the 99 percent worst-case scenario, over the last year was equal to 1.2 percent (i.e., only 6 bonds out of 500 had risk premium increases exceeding the 99 percent worst case). The projected (one-year) spread on the loan is 0.3 percent and the FI charges 0.3 percent of the face value of the loan in fees. Calculate the RAROC on this loan. Convert your answer to percentage format. Enter your answer rounded to 2 decimals, and without any units. So, for example, if your answer is 3.4568%, then just enter 3.46