An investor has owned a property for 15 years, the value of which is now $224,000. The balance on the original mortgage is $100,000 and the monthly payments are $1,100 with 15 years remaining. He would like to obtain $94,000 in additional financing. A new first mortgage for $130,000 can be obtained at a 12.5 percent rate and a second mortgage for $94,000 at a 14 percent rate with a 15-year term. Alternatively, a wraparound loan for $130,000 can be obtained at a 12 percent rate and a 15-year term. All loans are fully amortizing. Required: Which alternative should the investor choose? Alternative