Various capital accounts of a bank are as follows:
Common Stock (Par) $5.03 million
Allowance for Loan Loss $8.13 million
Undivided Profit $15.31 million
Intermediate Term Preferred Stock $1.03 million
Subordinated Debt Capital $4.93 million
Surplus $9.61 million
Suppose that the bank has a quarter of its assets in each of the four risk categories used to compute risk-weighted assets. The total assets are $1105 million.
What is the bank's Tier 1 capital in percent of risk-weighted assets, to the nearest 0.01%? (E.g., if your answer is 5.753%, record it as 5.75.)