You work in a mortgage credit risk department for a commercial bank. You have developed the following 4 stage Markov chain model for forecasting mortgage performance Current Delinquent paidoff default Current /1978 .012 .01 0 Delinquent :3 .01 .09 paid off default 0 0 0 1 6 1 0 The bank currently has 70,283 active loans in its portfolio, of which 1,370 are delinquent. calculate the estimated number of loans in each state after 12 months