Assume that a block of three flats is purchased at a price of exist217507. The property is financed 69% by equity. It has a gross income of exist28311, operating expenses of exist8654, and an interest payment of exist4812 per year. 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.) See the Study Guide: Week 11 Single Period Methods. As we are asked to calculate the return on equity, we first calculate the value of equity. Then we calculate equity income by deducting operating expenses and the interest payment from the gross income. Lastly, we divide equity income per year by the equity value in the property at the beginning of the investment period