What is the effective rent for the following lease of 10,000 square feet utilizing the straight-line method?

Rent: $45 PSF/ year

Lease Term: 5 Years

Free Rent: 3 Months, one at the each of lease year until burned off

Tenant Improvements (TIs): $25.00 per square foot above what they market normally provides

Moving Cost Credit: $5,000 off First Months Rent

[Enter Answer in the following format $XX.XX with appropriate rounding]

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