Suppose you have saved $2,00,000$ and wish to invest this money. Your friend has suggested the following two options:

Invest $80,000$ in the risk$-$free asset FD and the remaining amount in equity markets.

Invest $2,00,000$ in a property, which will give you $14\%$ of annual returns.

In both these cases, you will receive the same amount after a year. What is the risk premium associated with equity markets? Assume that the risk premium associated with property investment is $9\%.$