Susan is considering buying a class$-$A office building in Miami. The acquisition price is $$2,500,000.$ She expects the first$-$year potential gross income $($PGI$)$ to be $$300,000.$ Based on her pro forma analysis, vacancy and collection losses comprise $5\%$ of PGI, and operating expenses and capital expenditures will consume $40\%$ of EGI. The interest rate on her commercial mortgage is $6\%,$ with monthly payments and $25-$year amortization schedule. If the lender requires the DCR to be $1\mathrm{.}35$ or greater, what is the maximum loan amount?

Multiple choice question.

$1,473,352\mathrm{.}59$

$1,760,578\mathrm{.}15$

$1,250,870\mathrm{.}43$

$1,638,294\mathrm{.}68$