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Baker Incorporated acquired equipment from the manufacturer on 1 0 / 1 / 2 0 2 4 and gave a noninterest - bearing note in

Baker Incorporated acquired equipment from the manufacturer on $10 / 1 / 2024$ and gave a noninterest $-$ bearing note in exchange. Baker is obligated to pay $ $928, 000$ on $4 / 1 / 2025$ to satisfy the obligation in full. If Baker accrued interest of $ $10, 000$ on the note in its $2024$ year $-$ end financial statements, what is its imputed annual interest rate?

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