8.) A new rule adopted by the Consumer Financial Protection Bureau requires that all lenders make sure that any borrower's monthly debt payments and obligations must not exceed 43% of their pre-tax monthly income. The Gallagher family is planning on buying a home, and they have applied for a $400,000 mortgage for 30 years at 4.5% compounded monthly. Their pre-tax income is $75,000 per year. If we assume that the property taxes and the insurance on the home together would be $9,000 a year, and the Gallagher family have no other debt obligations, then a) What would be their average monthly debt payments and obligations, in dollars, b) What percentage of their monthly pre-tax income is this, and c) Do they qualify for the mortgage