Question #2 Assume that a lender is considering a $10 million fixed-payment mortgage with a 6% annual interest rate and monthly payments. The acquisition price of a property is $13 million. With a loan term of 7 years and 30 -year amortization schedule, the annual payment is $719,461. Let's assume the property's net operating income in year 1 is $1,000,000. If a conservative lender requires the debt coverage ratio (DCR) to be at least 1.35 and the maximum acceptable loan-to-value ratio is 75%, then what is the maximum loan amount a lender can grant a borrower? A) $13,500,000 B) $7,500,000 C) $10,071,957 D) $9,750,000 E) $10,295,779