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A company is applying for a 30-year mortgage that makes $98750 per year, has other debt expenses of $43750 per year, and has $147500 saved

A company is applying for a 30-year mortgage that makes $98750 per year, has other debt expenses of $43750 per year, and has $147500 saved as a down payment. If the lender requires that the LTV ratio is ≤ 0.75 and that the DSCR is ≥ 1.20, calculate the maximum property value they can afford using the LTV ratio. The interest rate is 2.70% compounded annually. Round your answer to the nearest dollar

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