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 10.0% rate of return on an investment of $540; the other will have a 14.0% rate of return on an investment of $760. She would like to take advantage of the higher-yielding investment but has only $540 avalable. Required: What is the maximum rate of interest that your friend should be willing to pay to borrow the $220 needed to take advantage of the higher yield? Note: Do not round intermediate colculations. Round your answer to 2 decimal places