Baker Inc. acquired equipment from the manufacturer on 10/1/2021 and gave a noninterest-bearing note in exchange. Baker is obligated to pay $988.000 on 4/1/2022 to satisfy the obligation in full. If Baker accrued interest of $16,000 on the note in its 2021 year-end financial statements, what is its imputed annual interest rate? Multiple Choice None of these answer choices are correct 3.3% 10.0% 6.7%