1. Your client, Rebecca Yan, owns a home in Rochester worth $370,000 and she owes only $198,000 on the mortgage. Rebecca is a long-time client who is very responsible with her money, has over $600,000 in her 401(k), and has a FICO score above 800. She always comes to you before making a major financial decision. Today Rebecca tells you that she is planning on purchasing a business for $75,000, and she wants to know the maximum amount she can borrow for the business using a home equity loan. You correctly tell her she can borrow up to _________.

   		a. $296,000
   		b. $172,000
   		c. $137,600
   		d. $ 98,000
   		e. $ 0