originally took out a $1 million mortgage on the home. In the current year, the Starks refinance home at a time when the home was worth $2 million and the outstanding mortgage balance was $7 Their new mortgage is for $1.3 million. After the refinancing, the Starks's acquisition debt is: a. $1.2 million. b. $700,000. C. $1.3 million. d. $1 million. $900 000