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C 15 q1Venture capital required rate of return.Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate

C 15 q1Venture capital required rate of return.Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 20.4% for its portfolio of lending, and the average length on its loans is 6 years. If you were to apply to Blue Angel for a $170,000 loan, what is the annual percentage rate you would have to pay for this loan?

What is the annual percentage rate for the loan?

(Round to four decimal places.)

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