You are shopping for a car and read the following advertisement in the newspoper: "Own a new Sptfret No money sown. Four annual payments of jus $12,000 " You have shopped around and know that you can buy a Sprtire for cash for $43,200. What is the interest rale the dealer is advertising (what is the rase that equates the PV of the payments to today's cash price of the car? Assume that you must make the annual poyments at the end of esch year. The rate that equates the PV of the payments to todays cash price of the car is (Enter your renponse as a percent rounded to two decmal places)