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 already determined that acquisition of the system has a positive NPV. The system costs $9.4 million and qualifies for a 25% CCA rate. The equipment will have a $975,000 salvage value in five 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 $2.15 million per year. Southtown's policy is to require its lessees to make payments at the start of the year. Many lessors require a security deposit in the form of a cash payment or other pledged collateral. Suppose Southtown requires Wildcat to pay a $800,000 security deposit at the inception of the lease. If the lease payment is still $2,150,000 a year, what is the NAL for Wildcat? (Enter the answer in dollars and not in millions of dollars. Negative answer should be indicated by a minus sign. Do not found intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) NAL Is it advantageous for Wildcat to lease the equipment now? Yes No