IE 13-1 (Static) Based on Brief Exercise 13-5 Noninterest-bearing note; effective interest rate [LO13-2] Breathe.com issued $18,000,000 of commercial paper on January 1 on a 7-month note. Interest was discounted at issuance at a 7.10\% discount rate. Required: 1. Calculate the discount on the commercial paper. 2. Calculate the proceeds from the issuance. 3. Calculate the effective interest rate on the commercial paper