Motoguzzie (A). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in U.S. dollars. Sydney Wholesale Imports has purchased $3,030,000 of merchandise from Motoguzzie, with payment due in five months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.75% per annum. Motoguzzie has a weighted average cost of capital of 9.5%. If Motoguzzie holds this acceptance to maturity, what is its annualized percentage all-in cost? (NOTE: Assume a 360-day year.)