You are a landlord and want to figure out the value of a potential lease. The lease is for 10,000 square feet with a term of 5 years at a rate of $15 per square foot per year. All expenses are paid by the tenant. In order to sign this lease you will need to pay $50,000 upfront in tenant improvements and another $40,000 in leasing commissions. What is the value of the lease per SQ FT per year assuming a 5% discount rate?

Group of answer choices

$12.50

$13.02

$13.56

$14.31