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as been offered a great deal (owner's words) on a new 5 -year lease. The new lease calls for no rent for 9 months, then
as been offered a "great deal" (owner's words) on a new 5 -year lease. The new lease calls for no rent for 9 months, then payments of 52,750 per manth for the next 51 months. The lease cannot be broken, and the store's wacc is 12% (or 1% per month). a. Should the new lease be accepted? (Hint: Be sure to une 1% per month.) (0 payments represent the rent during months 10 to 60.) Do not round intermadiate calculations. Round your answer to the nearest cent. answer to two decimal places. 3%
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