A couple has owned their home for the last 12 years. The home is currently valued at $575,000 and they owe $422,500 to a lender. The loan is secured by the home. They want to add a master bedroom suite and update their kitchen. Their bank offers home equity loans at require a maximum loan-to-value of 90% (first mortgage loan and home equity loans). Given these loan-to-value guidelines, how much can they borrow to pay for these improvements