Given the following information, calculate the loan$-$to$-$value ratio of this commercial loan.

Estimated net operating income in the first year: $$171,000$

Debt service in the first year: $$102,000$

Loan amount: $$1,200,000$

Purchase price: $$1,500,000$

$0\mathrm{.}8\%$

$86\%$

$80\%$

$72\%$