A company is deciding whether to lease or buy new equipment. If purchased, the equipment would cost $28,000. Consider the following information:

• PV of Lease Payments Before-tax = $14,000
• PVCCATS = $6,000
• PV of Lease Payments Tax Shield = $8,000
• PV of Salvage Value = $3,000

Based on the above information, what is the NAL? (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.)