b) The monthly income of an investor is $9,000 per month, and up to 40% of the monthly income can be used to pay off a mortgage loan. The investor wants to get a 30-year mortgage loan with a 2.2% interest rate andP&I repayment method to be used. This mortgage loan can finance up to 80% of the property price, and the investor can provide $310,000 deposit. Assuming the investor does not need to pay stamp duty or other acquisition costs, can this investor purchase a property with a market value of $1,250,000? Explain why.