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Mike works for a laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs

Mike works for a laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $8.1 million and it qualifies for a 30% CCA rate. Because of radiation contamination, it is valueless in four years. You can lease it for $2.4 million per year for four years. You can borrow at 8% pre-tax. Assume that the assets pool remains open and the lease payments are made at the beginning of each year.Assume that your company does not contemplate paying taxes for the next several years (assume no taxes will be paid for the next 10 years). Calculate the NAL

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