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A developer proposes a build - to - suit for a 7 , 5 0 0 square foot tire store. Annual sales for the chain

A developer proposes a build-to-suit for a 7,500 square foot tire store. Annual sales for the chain average $3,150,000 per store. If their target rent must not exceed 7 percent of gross sales, what is the maximum rental rate the tire chain can pay the developer?

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