Consider Ramesh purchase a product of Patanjali. The manual on it states that the lifetime $T$ of product is defined as the amount of time (in years) the product works properly until it breaks down, satisfy following equation :
$$P(T \geq t) = e^{-t/4}, \text{for all } t \geq 0$$
The probability that it breaks down in $3^{rd}$ year is ______. (Upto $2$ decimal places)