Assume an Investor Buys an Apartment for Investment Purpose for $400,000.The

Assume an investor buys an apartment for investment purpose for $400,000.The purchase is financed with 50,000 of the investor's money and the rest,$350,000,is borrowed at a rate of 8%.Suppose the apartment earns rental income of $10,000 and the investor earns $100,000 p.a.and the marginal tax rate is 37%.Calculate the loss on the property.

A) $\$ 11,340$
B) $\$ 6,660$
C) $\$ 10,360$
D) $\$ 17.640$