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 $3,030,000 of merchandise from Motoguzzie, with payment due in seven months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.77% per annum. Motoguzzie has a weighted average cost of capital of 9.4%. Bank of America is willing to buy Motoguzzie's bankers' acceptance for a discount of 6% per annum. What would be Motoguzzie's annualized percentage all-in cost of financing its $3,030,000 Australian receivable? (NOTE Assume a 360-day year)