NOTE: For problem #4, the Debt-Service Coverage = (NOI + Depr) /Debt Service 4. Stinky Foods, Inc. has the following financial information: Schedule of Liabilities: Annual NOI: $450,000 Real Estate #1 $5,300/mo. Annual Depreciation: $ 55,000 Real Estate #2 4,200/mo. Real Estate #3 7,100/mo. Equipment loans 16,500/mo. Equipment leases 3,600/mo. a. (10 points). What is the current debt-service coverage ratio for Stinky Foods, Inc.? b. (10 points). Mr. Stinky is considering adding a fourth location to his business. Mr. Stinky forecasts that adding this location will result in an increase in NOI of $320,000 and increase his depreciation by $17.000. If he does add the new location, he will need to borrow $750,000 from HomeTown Community Bank The expected monthly loan payments for the real estate and equipment will total $8.500/mo. Based on this information, should you as a business lender at HomeTown Community Bank approve Mr. Stinky's loan request? Why or why not