Cаinаs Cооkies wаnts tо lease new kitchen space at a cost of $12,000 a year for the next 5 years. The new space will cost an upfront renovation of $5,000. In the third year there will be maintenance required on the walk in coolers, for an estimated cost of $3,000. At the end of the lease, Cainas feels she can sell the leasehold improvements for $4,000. Assuming a 10% rate of return, to solve for the present value of the lease, Cainas needs to solve for: