mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) note 17 .commitments at december 31 , 2008 , the company had the following future minimum payments due under non-cancelable agreements : capital leases operating leases sponsorship , licensing & .
[['', 'total', 'capital leases', 'operating leases', 'sponsorship licensing & other'], ['2009', '$ 372320', '$ 8435', '$ 40327', '$ 323558'], ['2010', '140659', '2758', '18403', '119498'], ['2011', '80823', '1978', '11555', '67290'], ['2012', '50099', '1819', '9271', '39009'], ['2013', '50012', '36837', '7062', '6113'], ['thereafter', '21292', '2014', '19380', '1912'], ['total', '$ 715205', '$ 51827', '$ 105998', '$ 557380']]
included in the table above are capital leases with imputed interest expense of $ 9483 and a net present value of minimum lease payments of $ 42343 .in addition , at december 31 , 2008 , $ 92300 of the future minimum payments in the table above for leases , sponsorship , licensing and other agreements was accrued .consolidated rental expense for the company 2019s office space , which is recognized on a straight line basis over the life of the lease , was approximately $ 42905 , $ 35614 and $ 31467 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .consolidated lease expense for automobiles , computer equipment and office equipment was $ 7694 , $ 7679 and $ 8419 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .in january 2003 , mastercard purchased a building in kansas city , missouri for approximately $ 23572 .the building is a co-processing data center which replaced a back-up data center in lake success , new york .during 2003 , mastercard entered into agreements with the city of kansas city for ( i ) the sale-leaseback of the building and related equipment which totaled $ 36382 and ( ii ) the purchase of municipal bonds for the same amount which have been classified as municipal bonds held-to-maturity .the agreements enabled mastercard to secure state and local financial benefits .no gain or loss was recorded in connection with the agreements .the leaseback has been accounted for as a capital lease as the agreement contains a bargain purchase option at the end of the ten-year lease term on april 1 , 2013 .the building and related equipment are being depreciated over their estimated economic life in accordance with the company 2019s policy .rent of $ 1819 is due annually and is equal to the interest due on the municipal bonds .the future minimum lease payments are $ 45781 and are included in the table above .a portion of the building was subleased to the original building owner for a five-year term with a renewal option .as of december 31 , 2008 , the future minimum sublease rental income is $ 4416 .note 18 .obligations under litigation settlements on october 27 , 2008 , mastercard and visa inc .( 201cvisa 201d ) entered into a settlement agreement ( the 201cdiscover settlement 201d ) with discover financial services , inc .( 201cdiscover 201d ) relating to the u.s .federal antitrust litigation amongst the parties .the discover settlement ended all litigation between the parties for a total of $ 2750000 .in july 2008 , mastercard and visa had entered into a judgment sharing agreement that allocated responsibility for any judgment or settlement of the discover action between the parties .accordingly , the mastercard share of the discover settlement was $ 862500 , which was paid to discover in november 2008 .in addition , in connection with the discover settlement , morgan stanley , discover 2019s former parent company , paid mastercard $ 35000 in november 2008 , pursuant to a separate agreement .the net impact of $ 827500 is included in litigation settlements for the year ended december 31 , 2008. .

Question: considering the year 2011 , what is the percentage of capital leases among the total future minimum payments?
Answer: 2.45%
Explanation: it is the value of capital leases divided by the total value of future minimum payments , then turned into a percentage .