nework Assignment i Soved You have two investment opportunities. One will have an 12.0% rate of return on an investment of $590; the other will have a 14.0% rate of return on principal of $720. You would like to take advantage of the higher-yielding investment but have only $590 available. Required: What is the maximum rate of interest that you would pay to borrow the $130 needed to take advantage of the higher yield? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Maximum rate of interest %