Required information E6-5 (Algo) Evaluating the Annual Interest Rate Implicit in a Sales Discount with Discussion of Management Choice of Financing Strategy L06-1 (The following information applies to the questions displayed below.) Clark's Landscaping bills customers subject to terms 3/15, n/60. E6-5 Part 1 Required: 1. Compute the annual interest rate implicit in the sales discount. (Use 365 days in a year. Do not round Intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Annual interest rate %