Assume a lender requires a 1.3 debt coverage ratio as a minimum and the net operating income of a property is $111,700. What is the maximum loan you would expect to negotiate if a lender is offering a 30 year self-amortizing loan structure at 7% (with monthly payments)? (rounded) a. $1,241,400
b. $988,400
c. $1,076,200
d. $849,600