Given the following for a retail property: This property is occupied by a single tenant: Net Rentable Space 10,000 sq. ft. Lease Rate $ 16.00 per sq. ft. per year Real Estate Taxes $ 1.75 per sq. ft. per year Operating Expenses $ 0.55 per sq. ft. per year Insurance $ 0.06 per sq. ft. per year Gross Sales - Actual $ 2, 400,000 Percentage Lease Clause @ $2,000,000 Percentage Lease Clause 4.0% What is the amount of rent due on a per sq ft basis (per year) if the tenant has a "double net (NN)" lease and a "percentage lease clause" in the lease