Really struggling with this one. Gale Corporation recently issued 270-day commercial paper with a face value of $100,000 and a simple interest rate…

Really struggling with this one. Any help is greatly appreciated. Thx!

Gale Corporation recently issued 270-day commercial paper with a face value of $100,000 and a simple interest rate of 11 percent. Assuming there are 360 days in a year, what is the commercial paper’s annual percentage rate (APR)? The firm incurs no transaction costs to issue the commercial paper.