show work

4. Given the following for a retail property: This property is occupied by a single tenant: Net Rentable Space Lease Rate Real Estate Taxes Operating Expenses Insurance Actual Gross Sales Base Sales as per Lease Percentage Lease Clause 10,000 sq. ft. $18.00 per sq. ft. per year $ 1.75 per sq. ft. per year $ 0.55 per sq. ft. per year $ 0.06 per sq. ft. per year $2,400,000 $2,000,000 4.0% What is the amount of rent due on a per sq. ft. basis (per year) if the tenant has a "net" (N) lease and a "percentage lease clause" in the lease