Let us assume that an investor can obtain an 80% LTV loan for a property valued at 500,000 at a 10% interest rate to be amortized over 25 years with monthly payments. If the property generates $70,000 net operating income per year, answer the following.

What is the DCR? Input the final answer in at least 4 decimal places.

a. 1.6

b. 1.28

c. 1.59

d. 1.69