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Tenant Improvements are $10 psf for new leases and $5 psf for renewals. Assuming a 70% renewal probability, what are the underwritten tenant improvement costs

Tenant Improvements are $10 psf for new leases and $5 psf for renewals. Assuming a 70% renewal probability, what are the underwritten tenant improvement costs psf?

A. $8.50

B. $6.50

C. $5.00

D. $7.50

E. $10.00

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