A company is considering leasing equipment. The equipment costs $3,000,000 and is expected to be worthless in 4 years. The equipment qualifies for a 30% CCA rate. The company can lease the equipment for a 4-year period with annual payments of $800,000 due at the beginning of each year. The company can borrow at 8%. Assume the company has other tax shields that are expected to reduce its taxable income to zero for at least the next 4 years. What is the NAL for the company?