You are considering leasing a space for 4 years, where the annual rent per square foot (paid at year end) is $30 in year 1,$40 in year 2,$50 in year 3 , and $38 in year 4 . You discount the future at an 8.00% annual interest rate. What is the effective rent per square foot you will be paying on this lease?
O $39.487
O $39.549
O $39.243
O $39.612
O $39.286
O $39.675
O $39.16
O $39.200