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3 Sent apse ugh information QUESTIONS A1,000 square foot office space is leased at $15.00 per square foot during the first year with $2.00 step up provisions each of the following years. The lease is gross with an expense stop set at $4.55 per square foot, and yearly expenses per square foot are as follows: 54.00 54.55 and 56.50. The lease provides for two months of free rent at the end of the lease term. If the lease term is three years and the discount rate is 10, what is the effective rent per square foot O 510.40 511.57 512.22 $10.38