Ethier Enterprise has an unlevered beta of 1.05. Ethier is financed with 50% debt and has a levered beta of

Ethier Enterprise has an unlevered beta of 1.05. Ethier is financed with 50% debt and has a levered beta of 1.25. If the risk free rate is 5% and the market risk premium is 4%, how much is the additional premium that Ethier's shareholders require to be compensated for financial risk? Round your answer to two decimal places.