. Question 1 Despite the COVID-19 pandemic, you signed a lease for an office in London for five years with an annual rent of 1.1 million pounds, paid at the beginning of each year of the lease. Just before you pay your first rent, the property owner has a change of heart and tells you that he has other plans for the space. The owner offers to buy back the lease from you. The rent for similar space is now 1.3 million pounds per year. Should you do it? If not, how much money would you ask from the property owner to get you to do it? Assume the discount rate to be 6% per year