1.You are considering a project that will generate cash flows exactly one year later of either $6,000 with a 70% probability or $3,000 with a 30% probability, depending on the strength of the economy. The project is initially valued at $4,000 but requires a $3,000 initial investment cost. Your plan is to borrow $3,000 of debt (that must be repaid at the end of the year with 10% interest) and retain equity ownership rights of the project's future cash flows. What is the expected rate of return on your levered equity stake? Please answer in percent form. For example, if the answer is 20.51% or 0.2051, please write "20.51" in the blank.