18) A year ago, you purchased a light industrial property for $306994. The property has gross rental income of $57968 per annum and operating expenses of $12218 per annum. Based on the current market value, the property's value has increased by 9.74%. What is the composite return on the property? (Please type your answer in decimals and round your answer to three decimal places. For example, 10.1% should be 0.101)

19) Klass Joinery Limited has recently purchased a new machine at a cost of $70,000 and a further $7,000 was spent on installation costs. The machine's depreciation rate for tax purposes is 11.6% percent using the diminishing value method. Calculate the book value of the machine at the end of the first year. (Please enter your answer to the nearest dollar and exclude using "$" or "," symbols etc.)