Walnut Industries owns assets with an 55% probability of having a market value of $95 million in one year. There is a 45% chance the assets will be worth only $35 million. The current risk free rate is 5% and the cost of unlevered equity is 9.68%. Walnut has debt with a face value of $42 million, due in one year. What is the expected return on Walnut's equity, with leverage? (Assume perfect capital markets with no taxes.)