A company is considering leasing equipment. The equipment costs $4,000,000 and is expected to be worthless in 5 years. The equipment qualifies for a 30% CCA rate. The company can lease the equipment for a 5- 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 5 years. What is the NAL for the company? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response 550298.53 A company is considering leasing equipment. The equipment costs $4,000,000 and is expected to be worthless in 5 years. The equipment qualifies for a 30% CCA rate. The company can lease the equipment for a 5- 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 5 years. What is the NAL for the company? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response 550298.53