I'm not sure if I did this correctly, is the present value to own the equipment is $784,814?

$1,000,000 0 6 3 Input Data for Purchase or Lease Purchase New equipment cost New equipment life economic life MACRS classification Scrap value at end of economic life Maintenance Tax rate Loan interest rate After-tax cost of debt $200,000 $20,000 25% 10.00% 7.50% Lease Annual lease payment Residual value at end of lease Lease term $260,000 $200,000 4 1 2 3 4 MACRS 3-year Depreciation Schedule Year Deprecation. Rate Depreciation. Exp. 20.00% 32.00% 19.20% 11.52% $200,000 $320,000 $192,000 $115,200 1,000,000 0 $800,000 $480,000 $288,000 $800,000 $480,000 $288,000 $172,800 Starting book value Remaining book value 0 1 4 S Cost of Owning Year 2 3 After-tax loan payments ($75,000) ($75,000) ($75,000) ($75,000) ($1,075,000) Maintenance cost ($20,000) ($20,000) ($20,000) ($20,000) ($20,000) Maintenance tax savings $5,000 $5,000 $5,000 $5,000 $5,000 Depreciation tax savings $50,000 $80,000 $48,000 $28,000 SO Residual value $200,000 Tax on residual value ($50,000) Net cash flow of owning ($15,000) ($40,000) ($10,000) ($42,000) ($61,200) ($925,000) PV ownership CF @ 7.5% ($784,814) The present value to own the equipment is $784,814