On January 1, Pete Rowe bought a ski chalet for $48,500. Pete is renting the chalet for $50 per night. He estimates he can rent the chalet for 180 nights. Pete’s mortgage for principal and interest is $443 per month. Real estate tax on the chalet is $450 per year. Pete estimates that his heating bill will run $50 per month. He expects his monthly electrical bill to be $25 per month. He pays $10 per month for cable television.a. What is Pete’s return on the initial investment for this year? (Round your answer to the nearest tenth percent.)