An owner of the Atrium Tower Office Building is currently negotiating a five-year lease with ACME Consolidated Corporation for 20,000 rentable square feet of office space ACME would like a base rent of $15 per square foot with step-ups of $1 per year beginning one year from now. Required: a. What is the present value of cash flows to ATRIUM under the above lease terms? (Assume a 10% discount rate.) b. The owner of ATRIUM believes that base rent of $15 PSF in (a) is too low and wants to raise that amount to $19 with the same $1 step-ups. However, now ATRIUM would provide ACME a $51.800 moving allowance and $118,000 in tenant improvements (Tls). What would be the present value of this alternative to ATRIUM? C. ACME Informs ATRIUM that it is willing to consider a $18 PSF with the $1 annual stepups. However, under this proposal, ACME would require ATRIUM to buyout the one year remaining on its existing lease in another building. That lease is $10 PSF for 20,000 SF per year. If ATRIUM buys out ACME's old lease, ACME will not require a moving allowance or Tls. What would be the present value of this proposal to ATRIUM? a Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required What is the present value of cash flows to ATRIUM under the above lease terms? (Assume a 10% discount ra answer to 2 decimal places.) Present value of cash flows 1.401,919.27 Complete this question by entering your answers in the tabs below. Required A Required B Required The owner of ATRIUM believes that base rent of $15 PSF in (a) is too low and wants to raise that amount to $79 with the same $1 step-ups. However, now ATRIUM would provide ACME a $51,800 moving allowance and $118,000 in tenant improvements (TIS). What would be the present value of this alternative to ATRIUM? (Round your answer to 2 decimal places.) Show less Now prosent value of cash flows 1.565,708.50 Required A Required B Required ACME informs ATRIUM that it is willing to consider a $18 PSF with the $1 annual stepups. However, under this proposal, ACME would require ATRIUM to buyout the one year remaining on its existing lease in another building. That lease is $10 PSF for 20,000 SF per year. If ATRIUM buys out ACME's old lease, ACME will not require a moving allowance or Tis. What would be the present value of this proposal to ATRIUM? (Round your answer to 2 decimal places.) Show less Present value of cash flows 1,535,508.50