also, what is the NAL?

You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment. The scanner costs $4,800,000, and it would be depreciated straight line to zero over four years. Because of radiation contamination, it actually will be completely valueless in four years. You can lease it for $1.430,000 per year for four years. Assume that the tax rate is 21 percent Suppose the entire $4.800,000 purchase price of the scanner is borrowed. The rate on the loan is 8 percent, and the loan will be repaid in equal annual Instaliments. Calculate the amount of annual loan repayment. Do not round Intermediate calculations and round your answer to 2 decimal places, eg.3216) Payment Complete the schedules given below and calculate the NAL (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 3216) Amortization Total Payment Interest Payment Beginning Balance Principal Payment Ending Balance Year 1 2 3 4 Cash flows Artert Loan Payment Total Cash Flow OCF Year 2 3 4