The average nominal annual rent in the US denominated in dollars and the CPI (2008 levels) are given in the table below: 
-What is the 2008 average annual rent in 2012 terms?
Definitions:
Payback Period
The length of time that it takes for a project to fully recover its initial cost out of the net cash inflows that it generates.
Investment
Allocation of capital or resources to assets with the expectation of generating profit or income.
Required Rate
The minimum acceptable return on an investment deemed necessary by an investor or business.
Investment Project
An undertaking that involves allocating resources like capital and labor to generate financial returns or achieve strategic goals.
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