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begin{tabular}{l|c|c|c|c|} hline Total project value ($) & $35,000,000.00 & & & hline & & & & hline Debt & & & &

image text in transcribedimage text in transcribed \begin{tabular}{l|c|c|c|c|} \hline Total project value (\$) & $35,000,000.00 & & & \\ \hline & & & & \\ \hline Debt & & & & \\ \hline Option & A & B & D & \\ \hline Loan-to-value & 65% & 70% & 70% & 50% \\ \hline Rate (\%) & 3.25% & 3.25% & 3.00% & 4.25% \\ \hline Interest only period (years) & 3 & 3 & 0 & 0 \\ \hline Amortization (years) & 20 & 30 & 30 & 30 \\ \hline \end{tabular} Debt service coverage ratio (DSCR) is tested at full amortization (excludes interest only periods). If the project's net operating income (NOI) is $2,100,000 then, which option would provide the highest DSCR? A. Option A B. Option B C. Option C D. Option D

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