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29.Tenant Improvements are $10 psf for new leases and $5 psf for renewals. Leasing Commissions are $5.00 psf for new leases and renewals. Assuming a

29.Tenant Improvements are $10 psf for new leases and $5 psf for renewals. Leasing Commissions are $5.00 psf for new leases and renewals. Assuming a 40% renewal probability, what are the underwritten re-leasing costs psf?

A. none of the choices are correct

B. $12.00

C. $13.00

D. $7.00

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