A property is valued at $800,000 and is used to secure a loan. The banks policy is to lend at a loan-to-value ratio (LVR) of not more than 85%. If the current loan outstanding is $646,000 and a recession occurs reducing the value of the property to $600,000. What is the minimum value of the additional collateral security that the borrower will need to provide to remain compliant with the banks policy on LVR? Select one: a. $46,000 b. $160,000 c. $154,000 d. $136,000