Suppose you borrow $47292.79M when financing a gym with a cost of $88306.70M. You expect to generate a cash flow of $46278.10M at the end of the year if demand is weak, $97349.18M if demand is as expected and $107185.78M if demand is strong. Each scenario is equally likely. The current risk-free interest rate is 4.69% (risk of debt) and there's a 12.93% risk premium for the risk of the assets. What is the expected return of equity?

(HINT: If you need it, to compute the WACC of the firm, add the risk free plus the risk premium)

NOTE: Provide your answers in Percentages. E.G. for 10.15% you must enter 10.15, for 2.05% you must enter 2.05, etc.