Question $11$

$5$ pts

Genesco is considering two alternative $5-$year leases. The first lease is for $$2,160$ per month for $60$ months. The second lease has no rent for the first $9$ months, and then even monthly payments 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?

Your answer should be between $2000\mathrm{.}00$ and $3000\mathrm{.}00,$ rounded to $2$ decimal places, with no special characters.