The Wildcat Oil Company is trying to decide whether to lease or buy a new computerassisted drilling system for its oil exploration business. Management has decided that it must use the system to stay competitive; it will provide $$3\mathrm{.}1$ million in annual pretax cost savings. The system costs $$7\mathrm{.}7$ million and will be depreciated straight$-$line to zero over $5$ years. Wildcat's tax rate is $22$ percent, and the firm can borrow at $7$ percent. Lambert Leasing Company has offered to lease the drilling equipment to Wildcat for payments of $$1\mathrm{.}73$ million per year. Lambert's policy is to require its lessees to make payments at the start of the year.

a$.$ What is the NAL for Wildcat? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

b$.$ What is the maximum lease payment that would be acceptable to the company? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

Answer is not complete.

$\backslash$table$[[$a$.$ NAL,$$,-190,000\mathrm{.}00***$