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You want to refinance a property that has NOI of $ 1 2 0 , 0 0 0 and your lender offers a loan at

You want to refinance a property that has NOI of $120,000 and your lender offers a loan at 8% for 30-years and requires a minimum DCR of 1.40. What is the maximum loan amount for this property (rounded to the nearest dollar)?
A: $80,413
B: $747,433
C: $973,454
D: $1,362,835

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