Suppose you borrow $39887.11M when financing a gym with a cost of $90024.95M. You expect to generate a cash flow of $67516.47M at the end of the year if demand is weak, $96803.99M if demand is as expected and $104990.31M if demand is strong. Each scenario is equally likely. The current risk-free interest rate is 5.25% (risk of debt) and there's a 10.85% risk premium for the risk of the assets. What is the expected return of equity?