Required information [The following information applies to the questions displayed below.] Clark's Landscaping bills customers subject to terms 3/25, n/50. 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 %