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You operate a mall. The budget for Common Area Maintenance (CAM) this year is $6 million. Of the 6 million square feet of rentable space,

You operate a mall. The budget for Common Area Maintenance (CAM) this year is $6 million. Of the 6 million square feet of rentable space, half is occupied by anchor tenants. These anchor tenants have agreed to pay $1.19 per square foot per year to cover CAM expenses. Given this information, what is the CAM charge per square foot for in-line retail tenants in your mall this year?

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