Problem 0-10 DICOR-EVEN UTRES Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: April January February March $10,400 4,400 5,400 May June $10,400 11,400 6.400 eBook Short-term financing will be utilized for the next six months. Projected annual Interest rates are: January February March - 9 12 April May June 15% 12 12 What long-term interest rate would represent a break-even point between using short-term financing and long-term financing? (Round your monthly Interest rate to 2 decimal places when expressed as a percent. Round your interest payments to the nearest whole cent. Input your answer as a percent rounded to 2 decimal places.) Interest rate 12.13%