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Genesco is considering two alterntaive 5 year leases. The first lease is for $2,320 per month for 60 months. The second lease has no rent

Genesco is considering two alterntaive 5 year leases. The first lease is for $2,320 per month for 60 months. The second lease has no rent for the first 9 months, and then even money payments for the remaining 51 months. The company uses a WACC of 12 % (monthly discounting of 1% per month) to evalaute these types of situations. At what lease payment amount on the second lease would the company be indifferent between these 2 options. Your answer should be between 2000.00 and 3000.00. PLEASE round 2 decimal places.

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