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The owner of the Victoria Secret at the Forum Shop is renegotiating the operation's lease and has the option of either (1) an annual fixed
The owner of the Victoria Secret at the Forum Shop is renegotiating the operation's lease and has the option of either (1) "an annual fixed lease of $800,000 (Fixed)" or (2) "an annual fixed lease of $500,000 plus 2% of annual revenue in excess of $3,000,000 (Mixed)". Which option costs less if annual revenue is expected to be $4,000,000?
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