Find the effective rent for each option given the following lease conditions over the next 5 years using a 12% discount rate:Gross lease with expense...

Find the effective rent for each option given the following lease conditions over the next 5 years using a 12% discount rate:Gross lease with expense stop. Rent is $20/sqft the first year and increases by $1/sqft every year thereafter. The expense stop is set at $10/sqft. Expenses are $11/sqft and expected to increase by 4% annually.