A property worth $13 million can be refinanced with an 75% loan at 5.9% over 20 years. The balance on the current loan is 38,435,663 with lonn payments of $88,500 per month. The loan balance of the current loan in 10 years will be $2,254,133. If the property is expected to be sold in 10 years, what is the incremental cost of refinancing? 15.69% 4.43% 1.51% 5.90\%