15.1)

Venture capital required rate of return. Blue Angel Investors has a success ratio of 10% weh its venture funding. Blue Angel recuires a rate of retum of 19.38 for its portfolio of lending. and the average length on its loans is 6 years. If you were to apply to Blue Angel for a $132.000 loan, what is the annual percentage rate you would have to pay for this loan? What is the anchual percentage rate for the loan? (Round to four decirnal places)