Martin is a public servant. His gross income is $107,500. He has job security and benefits. His wife, Martina, is a full-time homemaker with no income. They live in a nice home, but they are struggling to pay the monthly mortgage of $2,800 and the property taxes $3,150 annually. Their other debt obligations include a car lease $250/month, minimum credit card payments $150/month, student loan payment $100/month. The average heating cost is $200 per month. They want to apply for a car loan to buy a second car. The current rate of interest for a car loan is 4.5% APR with monthly compounding, the loan is amortized over 4 years (i.e., 48 monthly payments). Required: (a) What is the GDS ratio? (3 marks) (3 marks) (b) What is the TDS ratio? (c) Assuming the current guideline of maximum TDS ratio is 46%, what is the maximum the bank will lend them to buy a second car? (6 marks)