You plan to invest$10,000 in astock, borrowing$6,000 of the cost from afriend, thus putting up$4,000 of your own money. The cost of debt is12%, and there are no taxes or transaction costs. With thisarrangement, you expect a return of20% on your equity investment. What would your expect your return to be without theleverage? Thatis, what would your return be if youdidn't borrow any money andinstead, the entire$10,000 invested was yourmoney? (percent with 2decimals)