You are considering the purchase of a property with the following information: . = Gross Annual Rents = $90,178 Vacancy Rate = 10.26% Net Operating Income = $71,197 Property Management Fee = 5.17% Purchase Price = $445,923 Monthly Mortgage Payment = $3,706 Property financed at 75% LTV. - . . What is your cash on cash return for the first year? Answer should be formatted as a dollar amount rounded to the nearest cent