You own an office building that is currently vacant but are entertaining offers from two different potential tenants for a $5-$year term. One offer is a $5-$year lease starting with rent of $$125,000$ next year and will increase at $4\%$ per year. The other potential tenant prefers a fixed lease payment that will not increase over the $5-$year lease. What is the minimum fixed annual rental payment you would accept for a five$-$year agreement? Use a discount rate of $10\%$

Show me how you would calculate this in excel