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4 pts You have just signed a retail lease with an $18 per square foot base rent annually and a percentage rent clause of 5%

4 pts You have just signed a retail lease with an $18 per square foot base rent annually and a percentage rent clause of 5% beyond a natural breakpoint. Please calculate the natural breakpoint and determine the total annual rental payment if sales are $750 per square foot annually. (4 points)

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