In the answer, please include four decimal points

A building owner is evaluating the following alternatives for leasing space in an office building for the next five years. Calculate the effective rent to the owner for each lease alternative using a 12% required rate of return. Option 2: Gross lease with CPI adjustment and expenses stop. Rent is $22.00/ sf. CPI is 3%. Expense is $9/ sf with an expense stop at $11/ sf. Expenses are expected to increase by $1/ year after the first year