Carmens Beauty Salon has estimated monthly financing requirements for the next six months as follows: January$10,000April$10,000February 4,000May 11,000March 5,000June 6,000Short-term financing will be utilized for the next six months. Projected annual interest rates are: January9%April16%February10 May12 March13 June12 What long-term interest rate would represent a break-even point between using short-term financing and long-term financing? (Round your monthly interest rate to 2 decimal places when expressed as a percent. Round your interest payments to the nearest whole cent. Input your answer as a percent rounded to 2 decimal places.)