Solohan Corporation's 5 year bonds yield 6.20% and 5 year T bonds yield 4.40%. The real risk free rate is 2.5%, the inflation premium for 5-year bonds is 1.50%, the liquidity premium for Solohan's bonds is 0.5% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) 0.1%, where t = number of years to maturity. What is the default risk premium (DRP) on Solohan's bonds?