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A coffee shop costs $ 2 4 , 0 0 0 to open. The firm expects cash flows of $ 3 4 , 5 0

A coffee shop costs $24,000 to open. The firm expects cash flows of $34,500 at the end of one year and borrows $12,725 to pay for the shop. The risk-free rate is 5% and given the risk, the coffee shop should earn 13.4%. What would be the return to equity holders if the actual cash flows are $36,165? Input your answer as a percentage and round your final answer to two decimal places. (i.e.,0.102345=10.23%==> type 10.23).

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