Question: 14. Sam is purchasing a retail center for $14 million.Expected first-year net operating income for this center is $1.25 million.Butcher's Financial will provide 25-year, 8.75

14. Sam is purchasing a retail center for $14 million.Expected first-year net operating income for this center is $1.25 million.Butcher's Financial will provide 25-year, 8.75 percent fixed rate financing with monthly payments, a maximum loan-to value ratio of 80 percent, and a minimum debt-coverage ratio of 1.30.Based on these terms, what is the maximum loan amount Sam can expect?

A.$11 200 000

B.$9 746 254

C.$ 116 955 045

D. $ 10 136 104

E. $ 16 471 169

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