Part 1 of 4 O Points: 0 of 1 Motoguzzie (A) Motoguzzle exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US dollars Sydney Wholesale Imports has purchased $3,000,000 of merchandise from Motoguzzle 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 1.7% per annum Motoguzzie has a weighted average cost of capital of 11%. If Motoguzzie holds this acceptance to maturity, what is its annualized percentage all-in cost? (NOTE. Assume a 360-day year) The bankers acceptance fee is $ (Round to the nearest cent.)