If a property was purchased for $$120,000,$ using $80\%$ debt nance at $4\%$ interest p$.$a$.,$ and its net rental income per annum was $$8,000,$ and the

property price rose by $5\%,$ then the total equity return for one year was:

Select one:

a$.58\mathrm{.}3\%$

b$.11\mathrm{.}7\%$

c$.8\mathrm{.}5\%$

d$.42\mathrm{.}3\%$