Park. Siena is a 200 - unt garden apartment complex. Each unit is a 1 bedroom apartment weh morehly rent of $1,500 On average 10 units are vacant at amy eiven time The landlord pas for all operating expenies The owner is forccasting the following line items for the forst year - Property tax $1,000,000 - insurance: $100,000 - Maintenance $120,000 - Management expense $100,000 - Capitar expenditures $300,000 Rents, expenses, and capital expendtures are expected to increase by 2k per year (indefiniteh cost of captal for this property is 7 W (fived for all years). Intestors of Park La Siena are negotiating with First Capitat Bank to refinunce an casting permuners ioun The loan is a 10 year CPM (constant payment morteagel, amortized over 30 years, with ANFuAL paymencs and a contractual interest rate of 6W. What is the largest loan that can be offered for this preperty if first capul requires a musimum tareak men rats o(BER) of bok? C $26,428,476 D 512,995,467 E. $16,517,797