You operate a mall and have agreed to the following lease terms with one of your in-line tenants. The annual base rent is $34.82 per quare foot for the 8,000 square feet of rentable space. The lease contains a percentage rent clasue that stipulates the tenant must pay 4.1% of annual gross sales revenue above a breakeven sales level of $600,000. If the tenant produces sales of $1 million during the upcoming year, what will be the annual rent per square foot for this tenant?