Friendlys Quick Loans, Inc., offers you $7.25 today but you must repay $9.25 when you get your paycheck in one week (or else). Requirement 1: What is the effective annual return Friendlys earns on this lending business? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Effective annual return % Requirement 2: If you were brave enough to ask, what APR would Friendlys say you were paying?