Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 15.9 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Use 365 days a year. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Interest rate Whe appropriate discount rate for the following cash flows is 773 percent per year. Sam Cash Flow $2,550 3,990 2,240 What is the present value of the cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value