A firm is considering the purchase of a new equipment costing $6,007,990 which qualifies for a 33% CCA rate. This equipment has a 4-year life after which it can be sold for $1,218,750. The firm can lease it for $1,826,230 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 35%, and the pre-tax cost of borrowing is 8.98%. What is the break-even lease payment?