Assignment Score: 5000 Problem 11.18 NPV and IRR) Save Submit Assignment for Grading Check My Work (3 remaining) eBook A store has 5 years remaining on its lease in a mall. Rent is $2,000 per month, 60 payments remain, and the next payment is due in 1 month. The mall's owner plans to sell the property in a year and wants rent at that time to be high so that the property will appear more valuable. Therefore, the store has been offered a great deal owner's words) on a new 5-year lease. The new lease calls for no rent for 9 months, then payments of $2,600 per month for the next 51 months. The lease cannot be broken, and the store's WACC is 12% (or 1% per month). a. Should the new lease be accepted? (Hint: Be sure to use 15 per month.) b. If the store owner decided to bargain with the mall's owner over the new lease payment, what new lease payment would make the store owner anderent between the new and old leases? (Hint: Find FV of the old lease's original costat = 9; then treat this as the PV of a 51-period annuity whose payments represent the rent during months 10 to 60) Do not round intermediate calculations. Round your answer to the nearest cent The store owner is not sure of the 12 WACC-it could be higher or lower. At what nominal WACC would the store owner befferent between the two cases? Calculate the differences between the two payment streams, then findet IRR) Do not found intermediate calculations. Round your answer to the decimal places Check My Work remaining) Olon Ky