Hyper retail outlets sell goods on terms of net 40. the store's average monthly sales (all on credit) are $70,000. hyper pledges all of its receivables to the bank, which advances 80% of the face value of the receivables at a rate of 2.5% above prime. the bank also charges a 1% processing fee on all receivables pledged. hyper borrows the full amount possible, and the current prime rate is 5%. what is the annual percentage rate (apr) of using this source of financing for one full year? a. 23.5% b. 22.5% c. 21.8% d. 19.1%