A buyer has a gross income of 81,000 per annum and its considering the purchase of a property with annual taxes of $2,200. The buyer is also paying a car loan of $580 per month. If the lending institution utlilizes a total debt service ratio of 38% the buyer would qualify for a maxium blended monthly mortgage payment including principal and interest of:

a) $1535.00

b)$ 761.67

c) $ 1700.00

d) $ 1168.33