The following Information applies to the questions dlisplayed below. Clark's Landscaping bills customers subject to terms 3/10, n/50 References E6-5 Evaluating the Annual Interest Rate Implicit in a Sales Discount with Discussion of Management Choice of Financing Strategy LO6-1 Section Break value 1.00 points Required information 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 (.e. 0.1234 should be entered as 12.34))