Suppose 10-Year T-Bonds Have a Yield of 5

Suppose 10-year T-bonds have a yield of 5.30% and 10-year corporate bonds yield 7.10%.Also,corporate bonds have a 0.25% liquidity premium versus a zero liquidity premium for T-bonds,and the maturity risk premium on both Treasury and corporate 10-year bonds is 1.15%.What is the default risk premium on corporate bonds?

A) 1.64%
B) 1.55%
C) 1.19%
D) 1.35%
E) 1.38%