Problem $10-10$ Company Risk Premium $($LG$10-3)$

Paycheck, Inc. has a beta of $1\mathrm{.}16.$ If the market return is expected to be $13\mathrm{.}90$ percent and the risk$-$free rate is $6\mathrm{.}50$ percent, what is Paycheck's risk premium? $($Round your answer to $2$ decimal places.$)$

Paycheck's risk premium $$