A bank offers 35 year, $175,000 mortgages at 46 percent and charges a $3,600 refundable loan application fee. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR What is the APR that they are required to disclose? (Do not round intermediate colculations and round your final answers to 2 decimal places. (e,9.,3216) )