Question $7(1$ point$)$

Given the following information, calculate the debt coverage ratio of this commercial loan.

Estimated net operating income $($NOD$)$ in the first year: $$100,000$

Debt service in the first year: $$50,000$

Loan amount: $$1,000,000$

Purchase price: $$1,300,000$

$0\mathrm{.}67$

$0\mathrm{.}15$

$2\mathrm{.}00$

$1\mathrm{.}50$