12. An investor is considering the purchase of an apartment property for $5,500,000. The property is expected to produce $300,000 of income in year 1. You are the lender making a loan to finance the property. Your bank's minimum Debt Service Coverage Ratio is 1.2, and your maximum loan to value ratio is 70%. The interest rate will be 7%, with a 20 year term. What is the maximum loan you are willing to make? Show your work and explain your