Baker Inc. acquired equipment from the manufacturer on 10/1/2021 and gave a noninterest-bearing note in exchange. Baker is obligated to pay $993,000 on 4/1/2022 to satisfy the obligation in full. If Baker accrued interest of $16,500 on the note in its 2021 year-end financial statements, what is its imputed annual interest rate? Multiple Choice 6.9%. 3.4%. None of these answer choices are correct. 10.3%