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Venture capital required rate of return. Blue Angel Investors has a success ratio of 1 0 % with its venture funding. Blue Angel requires a

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 19.4% for its portfolio of lending, and the average length on its loans is 4 years. If you were to apply to Blue Angel for a $161,000 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.)
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