The Kam Steel Corporation is trying to decide whether to lease or buy a new production equipment. Management has already determined that acquisition of the system has a positive NPV. The system costs $375,000 and qualifies for a 25% CCA rate. The equipment will have a $95,000 salvage value in 5 years. Wildcat's tax rate is 36%, and the firm can borrow at 9%. Southtown Leasing Company has offered to lease the drilling equipment to Wildcat for payments of $35,000 per year. Southtown's policy is to require its lessees to make payments at the start of the year. Based on the given information, what is the NAL for Wildcat?