The Wildcat Oil Company is trying to decide whether to lease or

buy a new computer$-$assisted drilling system for its oil exploration

business. Management has decided that it must use the system to

stay competitive; it will provide $$2\mathrm{.}1$ million in annual pretax

cost savings. The system costs $$9\mathrm{.}4$ million and will be depreciated

straight$-$line to zero over its five$-$year life, after which it will

be worthless. Wildcat's tax rate is $23$ percent and the firm can

borrow at $9$ percent. Lambert Leasing Company has offered to lease

the drilling equipment to Wildcat for payments of $$2,176,667$ per

year. Lambert's policy is to require its lessees to make payments

at the start of the year. What is the NAL for Wildcat?$$