Venture capital required rate of return. Blue Angel Investors has a success ratio of $10\%$ with its venture funding. Blue Angel requires a rate of return of $20\mathrm{.}7\%$ for its portfolio of lending, and the average length on its loans is $5$ years. If you

were to apply to Blue Angel for a $$195,000$ loan, what is the annual percentage rate you would have to pay for this loan?

What is the annual percentage rate for the loan?

$\%($Round to four decimal places.$)$