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Genesco is considering two alternative 5-year leases. The first lease is for $2.340 per month for 60 months. The second lease has for the remaining

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Genesco is considering two alternative 5-year leases. The first lease is for $2.340 per month for 60 months. The second lease has for the remaining 51 months. The company uses a WACC of 12% (monthly discounting of 1% per month) to evaluate these types of situations. At what lease payment amount on the second lease would the company be indifferent between these two options? no rent for the first 9 months, and then even monthly payments iet Your answer should be between 2000.00 and 3000.00, rounded to 2 decimal nlare

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