Problem $6-19$ EAR versus APR $[$LO$4]$ Big Dom$$s Pawn Shop charges an interest rate of $27\mathrm{.}8$ percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. What rate should the shop report? Note: Do not round intermediate calculations and enter your answer as a percent rounded to $1$ decimal place, e$.$g$.,32\mathrm{.}1.$ What is the effective annual rate? Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$