Suppose you are in possession of a lease that was originated years ago at a rate of $$4,500$ per month. And suppose over the years that has passed the market has significantly increased and you$$re considering selling your lease to another tenant. The new market rate for your lease is $$12,750$ per month, and has an additional $10$ years left on the lease. Suppose your lease is in a very desirable area and as a result you will apply a $6\%$ discount rate for your analysis.

What is the minimum amount you would consider selling your lease for?

$($your answer needs to show $$time value$$ calculations$)$

Question $17$ options:

$$728,648$

$$60,720$

$$4,534$

$$743,105$