Elon Inc. is a solar battery manufacturer. It would like to lease a specialized equipment to make the production of its batteries more efficient. In fact, it will provide $4.1 million in before-tax cost savings each year. Elon Inc. can lease the equipment for the term equal to its economic life from another company, Galaxy Inc., that owns it. Another option is to purchase the equipment. The equipment costs $9.2 million. If purchased, it will be fully depreciated according to the straight-line depreciation method over its five- year life. Because the equipment would be used so much, it will be valueless at the end. Elon Inc. is in the 21 percent income tax rate bracket. It can borrow at 9 percent pre- tax rate. Another option that Elon Inc. has is to lease the equipment for $2,030,000 per year from Galaxy Inc. Galaxy Inc. requires that the lease payments are made at the beginning of each year. In addition, Galaxy Inc. requires Elon Inc. to pay a $940,000 security deposit at the time when the lease agreement is signed, which is returned at the end of the lease term. Calculate Elon Inc.'s net advantage to leasing, i.e., NAL, considering also the security deposit. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) NAL