Suppose you borrow $37,871.46M when financing a gym with a cost of $87,247.36M. You expect to generate a cash flow of $72,762M at the end of the year if demand is weak, $85,374M if demand is as expected and $100,051M if demand is strong. Each scenario is equally likely. The current risk-free interest rate is 5% (risk of debt) and there's a 13% risk premium for the risk of the assets. What is the expected return of equity?