14. Suppose you borrow $48,499.95M when financing a gym with a cost of $90,194.71M. You expect to generate a cash flow of $50,730.84M at the end of the year if demand is weak, $99,143.95M if demand is as expected and $110,194.19M if demand is strong. Each scenario is equally likely. The current risk-free interest rate is 4% (risk of debt) and there's a 12.47% risk premium for the risk of the assets. What would be the realized return of equity if the demand is strong?

a. Suppose you borrow $39,944.44M when financing a gym with a cost of $85,124.31M. You expect to generate a cash flow of $71,596.94M at the end of the year if demand is weak, $89,277.75M if demand is as expected and $102,698.05M if demand is strong. Each scenario is equally likely. The current risk-free interest rate is 4.52% (risk of debt) and there's a 13.68% risk premium for the risk of the assets. What would be the realized return of equity if the demand is weak?