Amcor Limited, an Australian company, can issue three years Swiss franc-denominated bonds with a coupon rate of 3.01 per cent. Assuming that Amcor can issue bonds worth A$6.86 million that the current exchange rate of the Swiss franc is A$1.2017, and that the forecasted exchange rate of the franc in each of the next three years is A$1.4918, what is the annual cost in the percentage of financing for the franc-denominated bonds? (enter the two decimal number without sign or symbol)
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