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HOUSE Venture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate

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HOUSE Venture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.5% for its portfolio oflending, and the average length on its loans is 6 years. If you were to apply to Blue Angel for a $106,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? 1% (Round to four decimal places)

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