A borrower secured a 30 year, $350,000 loan at 5.5% per year with monthly payments. Ten years later, the borrower has the opportunity to refinance with a 20 -ye 3.3% interest rate. However, the up-front fees, which will be paid in cash, are $6,500. What is the return on investment (upfront fees) if the borrower expects to re Paying the new mortgage for the final twenty years? 4.50% 5543% 63.02% 32.51% 12.33%