A building owner is evaluating the following alternatives for leasing space in an office building for the next 5 years: (4pts) 12. Net lease with steps: Rent will be $15 per square foot in the first year and will increase by s1.50 per sq. ft. each year until the end of the lease. All operating expenses paid by the tenant Net lease with CPI adjustments: The rent will be $16 per sq. ft. for the first year. After the first year, the rent will increase by the amount in the CPIThe CPI is expected to increase 3% a year. a) b) Calculate the effective rent for both scenarios using a 12% discount rate, which one is better for the tenan