Trae king Furniture is advertising a "Ho! Ho! Hold the Payments for 2 Full Years!" sale. Trae's advance factors all of its receivables to Citibank. Citibank has credit checking terminals in all of the company's stores. Once a customer is approved, Citibank assumes the liability of collection the receivable from the customer (in 2 years) and immediately advances Trae's a percentage he sale price. If Citibank wants to earn 16 on invested funds to cover the cost of capital and default risk, then what percentage of the purchase price will Citibank advance to Trae's