Suppose you borrow $$35312\mathrm{.}46$M when financing a gym$$with a$$cost of $$87033\mathrm{.}37$M$.$ You expect to generate a cash flow of $$46898\mathrm{.}91$M at the end of the year if demand is weak, $$89590\mathrm{.}09$M if demand is as expected and $$106874\mathrm{.}43$M if demand is strong. Each scenario is equally likely. The current risk$-$free interest rate is $4\mathrm{.}55\%($risk of debt$)$ and there's a $10\mathrm{.}46\%$ risk premium for the risk of the assets.$$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