A property that was valued at $750,000 three years ago is being held as security for a loan. The bank's policy is to lend at a loan-to-value ratio (LVR) of no more than 75%. If the current loan outstanding is $487,500 and a recession occurs reducing the value of the property to $610,000; a) How much money is the borrower required to pay to remain compliant with the bank's policy? (4 Marks) b) If the bank prefers to accept additional collateral security instead of a payment, what is the minimum value of the security that the borrower must present to the bank to remain compliant with the bank's policy? (4 marks)