table of contents hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) location during fiscal 2009 . the company was responsible for a significant portion of the construction costs and therefore was deemed , for accounting purposes , to be the owner of the building during the construction period , in accordance with asc 840 , leases , subsection 40-15-5 . during the year ended september 27 , 2008 , the company recorded an additional $ 4400 in fair market value of the building , which was completed in fiscal 2008 . this is in addition to the $ 3000 fair market value of the land and the $ 7700 fair market value related to the building constructed that cytyc had recorded as of october 22 , 2007 . the company has recorded such fair market value within property and equipment on its consolidated balance sheets . at september 26 , 2009 , the company has recorded $ 1508 in accrued expenses and $ 16329 in other long-term liabilities related to this obligation in the consolidated balance sheet . the term of the lease is for a period of approximately ten years with the option to extend for two consecutive five-year terms . the lease term commenced in may 2008 , at which time the company began transferring the company 2019s costa rican operations to this facility . it is expected that this process will be complete by february 2009 . at the completion of the construction period , the company reviewed the lease for potential sale-leaseback treatment in accordance with asc 840 , subsection 40 , sale-leaseback transactions ( formerly sfas no . 98 ( 201csfas 98 201d ) , accounting for leases : sale-leaseback transactions involving real estate , sales-type leases of real estate , definition of the lease term , and initial direct costs of direct financing leases 2014an amendment of financial accounting standards board ( 201cfasb 201d ) statements no . 13 , 66 , and 91 and a rescission of fasb statement no . 26 and technical bulletin no . 79-11 ) . based on its analysis , the company determined that the lease did not qualify for sale-leaseback treatment . therefore , the building , leasehold improvements and associated liabilities will remain on the company 2019s financial statements throughout the lease term , and the building and leasehold improvements will be depreciated on a straight line basis over their estimated useful lives of 35 years . future minimum lease payments , including principal and interest , under this lease were as follows at september 26 , 2009: .

Table: amount fiscal 2010 $ 1508 fiscal 2011 1561 fiscal 2012 1616 fiscal 2013 1672 fiscal 2014 1731 thereafter 7288 total minimum payments 15376 less-amount representing interest -6094 ( 6094 ) total $ 9282

in addition , as a result of the merger with cytyc , the company assumed the obligation to a non-cancelable lease agreement for a building with approximately 146000 square feet located in marlborough , massachusetts , to be principally used as an additional manufacturing facility . in 2011 , the company will have an option to lease an additional 30000 square feet . as part of the lease agreement , the lessor agreed to allow the company to make significant renovations to the facility to prepare the facility for the company 2019s manufacturing needs . the company was responsible for a significant amount of the construction costs and therefore was deemed , for accounting purposes , to be the owner of the building during the construction period in accordance with asc 840-40-15-5 . the $ 13200 fair market value of the facility is included within property and equipment , net on the consolidated balance sheet . at september 26 , 2009 , the company has recorded $ 982 in accrued expenses and source : hologic inc , 10-k , november 24 , 2009 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. .

Question: what percentage of lease payments will be paid after 2014?
Answer: 78.5%
Calculation: divide(7288, 9282)
Explanation: to find this answer one must divide the amount of lease payments after 2014 by the total amount of lease payments .