The treasurer of Brandon Blue Sox is seeking a $29,000 loan for 180 days from the Brandon Credit Union. The stated interest rate is 12 percent and there is a 20 percent compensating balance requirement. The treasurer always keeps a minimum of $2,400 in the firm's chequing account. These funds could count toward meeting any compensating balance requirements. What is the annual rate of interest on this loan? (Use 365 doys in o year. Do not round intermediote calculations. Round the final onswer to 2 decimal ploces.) Annual rate of interest % Assume a $72,000 investment and the following cash flows for two alternatives: Calculate the payback period for investment X and investment Y. (Do not round intermediote calculotions. Round the final answers to 2 decimal places.) Which of the alternatives would you select under the payback method? Investment X Investment Y Assume a $100,000 investment and the following cash flows for two alternatives: Calculate the payback period for investment X and Y. (Round the final onswers to 2 decimal places.) Which of the alternatives would you select under the payback method? Investment X Investment Y