Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc ) to Australia and invoices its customers in U.S. dollars. Sydney Wholesale Imports has purchased $3,100,000 of merchandise from Motoguzzie, with payment due in six months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.78% per annum. Motoguzzie has a weighted average cost of capital of 10.6%. Bank of America is willing to buy Motoguzzie's bankers' acceptance for a discount of 5.7% per annum. What would be Motoguzzie's annualized percentage all-in cost of financing its $3,100,000 Australian receivable? (NOTE: Assume a 360-day year.) The bankers' acceptance fee is $ (Round to the nearest cent.)