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Brock Construction is contemplating purchasing / leasing a package of Asphalt. Milling Equipment which will cost $ 1 . 8 million. Assets will qualify for

Brock Construction is contemplating purchasing/leasing a package of Asphalt. Milling Equipment which will cost $1.8 million. Assets will qualify for a 30% CCA rate. The salvage value is expected to be zero in
8 years. The same package can be leased for $300,000 per year for 8 years. Assume that the asset pool remains open, and the tax rate is 40%. The company's cost of borrowing is 10% pre-tax. What would the
lease payment have to be for both lessor and lessee to be indifferent to the lease agreement? (Do not round intermediate calculations. Omit "$" sign in your response. If your answer is $1,234,567,89, then enter
1234567.89)
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