You are evaluating a one year zero coupon bond, which you estimate has a 5 percent default probability. The current risk free rate is 2 percent. In case of default, similar bonds usually recover 41 pennies on the dollar owed. What rate of return would you require, at a minimum, on this investment? Enter answer in percents, accurate to two decimal places. The answer has to be 5.1. Please show all the steps.