For this question, assume that the amount that you have to actually borrow for Mountain Sports, your ski and mountain bike rental business mentioned in the previous question, is $24,000. Also assume that it is still a one year loan and the bank will charge 6.0% discount interest and require a 17.0% compensating balance, then determine the effective annual interest rate that the bank is charging Mountain Sports. Note: This is a Web Appendix 15B topic. O 5.93% O 8.32% O 6.25% O 7.79%