6) A property was purchased at a price of $294268 at the beginning of the year. This property has a gross rental income of $58638 per annum and operating expenses of $12413 per annum. At the end of the year, the market value of this property increased by 8.91%. Calculate the composite return. (Please type your answer in decimals and round your answer to four decimal places. For example, 10.11% should be 0.1011.)

8) Assume that a block of three flats is purchased at a price of $797524 and provides security for a $206139 flat mortgage at an annual interest rate of 9.34%. This property has a gross rental income of $75520 and operating expenses of $15580 per annum. What is the return on equity invested in this property? (Please type your answer in decimals and round your answer to four decimal places. For example, 10.11% should be 0.1011.)