Exercise 3-11 (Algo) Compare investment alternatives LO 3-2 Your friend has two investment opportunities that she is considering and has asked for your advice regarding how she should proceed. One will have an 8.5% rate of retum on an investment of 5410 , the other will have a 11.5% rate of return on an investment of $530. She would like to take advantage of the higher-yielding investment but has only $410 avallable. Required: What is the maximum rate of interest that your friend should be willing to pay to borrow the 5120 needed to take advantage of the higher yield? Note: Do not round intermediote calculations. Round your answer to 2 decimal ploces