A 10,000 square foot strip center leases for $8 per square foot per year. It is expected to have vacancies and bad debts of 10% of potential gross rents, and operating expenses that are one-third of effective gross income. It is being purchased for $800,000 with $300,000 down and a mortgage on the balance at 6% for 25 years. What is the property's EDR or cash-on-cash return