I need part c solved, and Bonus done optional

5. Complete an analysis on the following consumer borrower: She has found a 2022 Maserati Levante GT at a dealership in Denver for $95,775. The car is the previous model year (2022) but is new. Jessica recently got a new job with a significant raise, and as this is her dream car she has decided now is the time to buy. She has $7,500 in cash available, and her current car (which she has no loan on) is worth $8,500. Her credit score is 660 and her husband's is 650 . Her new job will pay her $82,000 per year. Her husband works part time while their child is in school, and makes $28,000 per year. They have the following monthly expenses: - House payment: $1,825 - Husband's Car Payment: \$425 - Gym Membership: \$25 - Student Loan Payment: $235 - Credit Card Payment: $333 - Life Insurance Premium: $35 - Subscriptions (Netflix, Hulu, etc.): $50 - Cell phone: $125 - Utilities (Internet, MDU, Water, etc.): $225 If you make the loan, she will have the following loan options: 72 months at 8.99% or 84 months at 10.49% For this question, you must complete the following points of analysis. Show your work where appropriate. a) The borrower's Debt to Income Ratio (including the new loan payment). (Show your work). (5 points) Monthly Debt Payments = House Payment + Husband's Car Payment + Gym Membership + Student Loan Payment + Credit Card Payment + Life Insurance Premium + Subscriptions + Cell Phone + Utilities =$1,$25+$425+$25+$235+$333+$35+$50+$125+$225=$3,068 Monthly Income = Ellie's Salary + Her husband's salary =$82,000/12+$28,000/12=$6,166.67 DTI Ratio = Monthly Debt Payments / Monthly Income =$3,068/$6,166.67=0.498 Ellie's Debt to Income Ratio is 49.8% b) The Loan to Value Ratio (Vehicle values can be found on either NADA.com or KBB.com) (Show your work). (5 points) Loan Amount =$98,000( requested loan ) Value of Car=$95,775 (Ellie's chosen car) Loan to Value Ratio = Loan Amount / Value of Car =$98,000/$95,775=1.024 Ellie's Loan to Value Ratio is 102.4%, which means that the requested loan amount is slightly higher than the value of the car. C) Make a loan decision from one of the following options, and explain why you chose that Option: (15 points) 1) Make the loan as requested ($98,000). Specify the terms given (72 months or 84 months). 2) Grant the loan with modifications (ex. higher down payment, co-signer, etc.). Specify the terms given (72 months or 84 months). 3) Deny the loan. Bonus: If there are any other elements that are not included in the information given that you would consider (either officially or unofficially), explain it here. (2.5 points per element given and explained; Max Bonus: 5 points)