A company wit pay interest in the amount of $275,000 $6.000.000 is borrowed from a line of credit if the company would be required to maintain a $200,000 compensating balance and pay an up front commitment fee of $5.000, what would be the effective annual interest rate on the lending arrangement? Do not round intermediate calculations. Round the final answer to 2 decimal places Omit the sign in your response. For example, an answer of 15.39% should be entered as 1539