Calculate the NPV of an investment, considering a capital lease with following conditions:

Annual lease payments of $450,000 from year 1 to year 7

Effective annual interest rate of 6% for the borrowed money

Asset would yield the annual revenue of $750,000 for seven years (from year 1 to year 7)

Asset would have operating cost of $150,000 for year 1 to 7

The asset can be depreciated based on MACRS 7-year life depreciation with the half year convention (table A-1 at IRS) over eight years (from year 0 to year 7)

Salvage value of $800,000 at the end of the 7th year

Income tax 40%

Minimum ROR of 10

% Please determine and include all the lease principle and interest calculations in your answer.