A tenant occupies 2,500 square feet and pays base rent of $30.00 per square foot. The tenant took occupancy of the space in year 2010 and the base year stop for operating expenses and real estate taxes was $5.25 per square foot. For 2014 the landlord estimated operating expenses and real estate taxes to be $8.25 per square foot. How much will the tenant pay for operating expense & real estate tax recoveries in 2014?

$2,500

$7,500

$8,500

$10,000