Firm F's has assets worth $1,000,000 which is financed with 20,000 common stocks out- standing at a market price of $20 and risk-free debt. Expected return on equity is 15% and risk-free rate is 2.5%. F plans to buy new assets that generate an additional expected operating cash flow of $50,000 per year, and require an investment of $600,000. New assets do not affect the fundamental risk of the firm. The acquisition is financed through the issuance of new common stocks and does not affect the risk of existing debt. What is the expected return on equity after the operation