A Car Dealer Will Sell You a $5,445 Car for $1,058

A car dealer will sell you a $5,445 car for $1,058 down and payments of $132.24 per month for 48 months. What is the simple interest rate? Round your answer to the nearest percent.

A) $9 \%$
B) $11 \%$
C) $4 \%$
D) $17 \%$
E) $14 \%$