Richard is a landscaper who is planning to break away from his employer and start his own landscaping company. In his first year, Richard expects to make $20,000 in profit from his business after he pays all expenses (including for his own labor). To get started, he needs a $18,792 loan to purchase needed equipment. The bank has offered him a one-year loan. What is the maximum interest rate Richard is able to accept for this loan? Put your answer in percentage form (e.g. 30.57 not 0.3057) and then round to two decimal places