Hector and Maria have been married for almost one year now and are thinking about buying a house. Together they make $8,000 in gross monthly income. Between them they have a monthly payment of $400 in student loans, $720 in car loans, and other furniture and appliance loans totaling $450 per month. Hector and Maria found a home they love and the monthly mortgage payment (PITI) would be $1,250. Based on their incomes, what is their back-end ratio and is it acceptable? O 15.63%, no O 35.25%, yes O 35.25%, no O 15.63%, yes