Newline Bank has made a one-year loan to Wonder Blocks Pty Ltd, a firm that manufactures toy blocks. The estimated probability of default of this loan is 9.2%. The bank has also made a two-year loan to Wonder Blocks that provides a return of 10.8% per annum if the loan is not defaulted. And the bank will lose all the claims on principal and interests upon loan default. The yield is 2% per annum for the 1-year maturity government bond. Based on the prices of 1-year and 2-year maturity government bond prices, the forward rate for the 2nd year is 4% per annum.

What is the cumulative probability of repayment (i.e. not default) of Wonder Blocks over the two years? 

(Please round your answer to at least 3 decimal places in decimal points, not percentage terms.)