Using historical risk premiums from Table $5\mathrm{.}5$ over the $19272021$ period as your guide, what would be your estimate of the expected annual HPR on the Big$/$Value portfolio if the current risk$-$free interest rate is $1\mathrm{.}85\%?$ TABLE $5\mathrm{.}5$

Statistics for monthly excess returns on the market index and four "style" portfolios

Note: Round your answer to $2$ decimal places.