Friendlys quick loans, Inc., offers you three for four or 1 knock on your door. This means you get $3 today and repay $4 when you get your paycheck in one week (or else). If you are brave enough to ask, what APR would Friendlys say you were paying? What is the effective annual return Friendlys earnings on this lending business? (Assume 1 year = 52 weeks for this question)