3. You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $4.1 million and it would be depreciated straight-line to $50000 over 4 years. You can lease it for $675,000 per year for 4 years. Assume the tax rate is 43 percent. You can borrow at 8.75 percent before taxes. What is the net advantage to leasing from your company's standpoint? (03 marks)