McDougan Associates $($USA$).$ McDougan Associates, a U$.$S$.-$based investment partnership, borrows $90,000,000$ at a time when the exchange rate is $$1\mathrm{.}3484=1\mathrm{.}00.$ The entire principal is to be repaid in three years, and interest is $6\mathrm{.}150\%$ per annum, paid annually in euros. The euro is expected to depreciate vis$--$vis the dollar at $2\mathrm{.}8\%$ per annum. What is the effective cost of this loan for McDougan?