A property owner is evaluating the following rental plan for leasing space in his office building for the next five years: Net lease with steps. Rent will be $15 per square foot the first year and will increase by $2.60 per square foot each year until the end of the lease. All operating expenses will be paid by the tenant. Calculate the effective rent to the owner (after expenses) for each lease alternative using a 11 percent discount rate. (10 Points. Please provide detailed steps for your answer. Answer without explanation will NOT receive credit.)