The Wildcat Oil Company is trying to decide whether to lease or buy a new computer$-$assisted drillingsystem for its oil exploration business. Management has decided that it must use the system to staycompetitive; it will provide $$3\mathrm{.}3$ million in annual pretax cost savings. The system costs $$8\mathrm{.}3$ million and willbe depreciated straight$-$line to zero over five years. Wildcat$$s tax rate is $23$ percent and the firm can borrowat $8$ percent. Lambert$$s policy is to require its lessees to make payments at the start of the year. Suppose itis estimated that the equipment will have an aftertax residual value of $$760,000$ at the end of the lease.What is the maximum lease payment acceptable to Wildcat?