Given:

Project cost: $$10,000,000$

Bank loan at $70\%$ loan to value

Debt service requirement: $1\mathrm{.}4$ times

$25$ year amortization with a $10$ year balloon payment

Interest rate: $6\%$

Net Operating Income $($NOI$)$: $$750,000$

One payment per year

What is the debt service ratio?