On January $1,$ Pete Rowe bought a ski chalet for $$51,500.$ Pete is renting the chalet for $$56$ per night. He estimates he can rent the

chalet for $200$ nights. Pete's mortgage for principal and interest is $$449$ per month. Real estate tax on the chalet is $$510$ per year. Pete

estimates that his heating bill will run $$70$ per month. He expects his monthly electrical bill to be $$15$ per month. He pays $$11$ per month

for cable television.

a$.$ What is Pete's return on the initial investment for this year?

Note: Round your answer to the nearest tenth percent.

Pete's return

b$.$ Assume rentals drop by $25\%$ and monthly bills for heat and electricity drop by $15\%$ each month. What would be Pete's return on

initial investment?

Note: Round your answer to the nearest tenth percent.

Pete's return