Linda has recently invested in an ambitious startup, hoping it would bring her a good return. Unfortunately, the venture didn't go as planned, and she finds herself in need of funds to cover her immediate expenses. Seeing an opportunity, Linda approaches her friend Mark, who has recently come into a substantial inheritance. Mark, having $3.6 million to his name, agrees to lend Linda $2,556 today, with the condition that she repays him $3,148 in 3 months. Despite Linda feeling the interest might be a bit steep, her situation leaves her no choice but to agree. Let's calculate the effective annual rate (E.A.R.) on this loan to understand the cost of borrowing for Linda. (Enter as a percentage: if you answer is 12.35%, enter 12.35. Two decimal places)