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4 Problem 21-5 Setting the Lease Payment 0.07 points You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is

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4 Problem 21-5 Setting the Lease Payment 0.07 points You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a common practice with expensive, high-tech equipment). The scanner costs $5,300,000 and would be depreciated straight-line to zero over four years. Because of radiation contamination, it will actually be completely valueless in four years. You can lease it for $1,580,000 per year for four years. Assume the tax rate is 24 percent. The borrowing rate is 8 percent before taxes. eBook Print References Your company does not expect to pay taxes for the next several years, but the leasing company will pay taxes. Over what range of lease payments will the lease be profitable for both parties? (Enter your answers from lowest to highest. Do not bund intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Total payment range to

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