The euro is expected to depreciate vis$--$vis the dollar at $26\%$ per annum. What is the effective cost of this loan for McDougan? decimal places.$)$

$\backslash$table$[[,,$Year $0,$Year $1,$Year $2,$x$,$Year $3],[$Proceeds from borrowing euros,$,85,000,000,,,,],[$Interest payment due in euros,,$,,,,],[$Repayment of principal in year $3,,,,,,(85,000,000)$