Stowe Inc. acquired equipment from the manufacturer on 11/1/15 and gave a noninterest-bearing note in exchange. Stowe is obligated to pay $461,250 on 5/1/16 to satisfy the obligation in full. If Stowe accrued interest expense of $3,750 on the note in its 12/31/2015 financial statements, what is its imputed annual interest rate? Enter your answer in Canvas as a decimal (for example, if you thought the correct answer is 1%, then you should enter .01 in Canvas)