6) A building owner charges triple net annual rent of $14 per square foot in the first year of a five-year lease. Rents increase $1.00 per year. Per square foot expenses in the building are expected to be $5.00 in the first year increasing $1.50 per year over the life of the lease. If the owner provides four (4) months of free rent in the first year as a concession and $7.00 per square foot in moving expenses, what is the effective rent over the five years assuming a 7% discount rate?