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You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The

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You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $3,000,000 and it would be depreciated straight-line to zero over 4 years. Because of radiation contamination, it will actually be completely valueless in 4 years. You can lease it for $1.050.000 per year for 4 years Assume the tax rate is 34 percent. You can borrow at 8 percent before taxes. What is the net advantage to leasing (NAL) from your company's standpoint? (Do not round your intermediate calculations.) O $ 339.811.64 $-322 821.06 $339,811.64 $-139.896 24 $-356 802.22

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