A mortgage loan having a face value of \\( \\$ 265,000 \\) is arranged by a mortgage broker. From this face value, the broker deducted a fee of \\( \\$ 4,000 \\). The mortgage is written at a contract rate of \\( 3.2 \\% \\) compounded semiannually for a twenty-five year term, with monthly payments. What is the annual cost of borrowing, including the brokerage fee, expressed as an effective interest rate? \\( 3.00 \\% \\) \\( 3.37 \\% \\) \\( 3.73 \\% \\) \\( 4.15 \\% \\) \\( 4.09 \\% \\)