Tax rate is 35%

Use the following information to work Problems 22.1 through 22.5. You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leas- ing is a common practice with expensive. high-tech equipment). The scanner costs $4.500.000, and it would be depreciated straight-line to zero over four years. Because of radiation contamination, it will actually be completely valueless in four years. You can lease it for $1.350.000 per year for four years