3. Computing Effective Rent (covered in chapter 9) Consider the problem below of computing the effective rent. In year 1. the rent is $15 per sq ft, in year 2 the rent is $16 per sq ft. and in year 3 the rent is $20 per sq ft. Assume rent payments are made annually. Suppose also that i=10% a. What is the NPV of the rent payments? b. What is the effective rent