If a brokers commission is equal to 5% of all scheduled rent, how much would the broker earn from negotiating the following rental contract on an 8,000 square foot tenant space?

Year 1: 3 months free rent, rate for all other months is based on $21.25/SF per year.

Year 2: 1 months free rent, rate for all other months is based on $22.00/SF per year.

Year 3: 1 month free rent, rate for all other months is based on $22.50/SF per year.

Years 4 & 5: No free rent; rent is $23.00/SF per year.

Group of answer choices

$40,725

$44,700

$36,700

$44,250