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You offer a tenant a 5 year lease at $20/sqft/yr with $20/sqft in TIs, which translates into an IRR of 15% for a 4 year

You offer a tenant a 5 year lease at $20/sqft/yr with $20/sqft in TIs, which translates into an IRR of 15% for a 4 year hold period. The tenant counter offers to pay $16/sqft/yr with $0/sqft in TIs. Estimate the IRR for the counter offer? Group of answer choices

14.88%

14.68%

14.78%

15.28%

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