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CAM charges for retail leases in a shopping mall must be calculated. The retail mall consists of a total area of 2 . 8 million

CAM charges for retail leases in a shopping mall must be calculated. The retail mall consists of a total area of 2.8 million square feet, of which 808,000 square feet have been leased to anchor tenants that have agreed to pay $6 per rentable square foot in CAM charges. In-line tenants occupy 1.3 million square feet, and the remainder is common area, which the landlord believes will require $12 per square foot to maintain and operate each year.
Required:
If the owner is to cover total CAM charges, how much will in-line tenants have to pay per square foot for CAM charges?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.

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