Big Dom's Pown Shop charges an interest rate of 1475 percent per month on loons to its customers. Like oll lenders, Big Dom must report an APR to consumers. a. What rate should the shop report? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16. b. What is the effective annual rate? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16