Problem 6-19 (Algo) Break-even point in interest rates [LO6-3] Carmen's Beauty Salon has estimated monthly financing requirements for the next six montis as follows: Short.term financing will be utiked for the next six months. Projected ancalinterest rotes are What long-teim intetest rate would represent a breakceven point between using short-term financing and longtein tinancing? Note: Round your monthly interest rote to 2 decimol places when expressed as a percent. Round your interest poyments to the nearest whole cent. Input your answer as o percent rounded to 2 decimal pioces