Problem 21-4 Taxes and Leasing Cash Flows You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a common practice with expensive, high-tech equipment). The scanner costs $5,500,000 and would be depreciated straight-line to zero over five years. Because of radiation contamination, it will actually be completely valueless in five years. You can lease it for $1,320,000 per year for five years. Assume that your company does not contemplate paying taxes for the next several years. You can borrow at 7 percent before taxes. What is the NAL of the lease? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) NAL