Blossom Inc. needs to set aside cash for the replacement of a conveyor in its assembly line. Blossom can afford to set aside $19,600 at the end of each quarter and will need $340,000 to replace the conveyor at the end of four years. What annual rate of interest will Blossom need to earn on the cash invested to reach its goal of $340,000 ? Calculate the annual rate of interest Blossom needs to earn on the cash invested in order to reach its goal of $340,000 to replace the conveyor four years from today. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 52.75%. Click here to view Table A.2 - PRESENT VALUE OF 1 - (PRESENT VALUE OF A SINGLE SUM) Click here to view Table A.4 - PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 Annual rate of interest