32 2.5 pts On Nov 1, 2020, Equalize Inc., a cosmetics company, bought inventory by issuing a $1,000,000 noninterest bearing note due in eight months. If at the end of 2020, Equalize recognized $50,000 interest expense, what is the implicit interest rate of this note? 50.0%. 25.0% 37.5% 27.5%